{"id":123824,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/annualizing-staff-2"},"modified":"2017-08-12T07:48:51","modified_gmt":"2017-08-12T07:48:51","slug":"annualizing-staff-2","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/annualizing-staff-2\/","title":{"rendered":"Annualizing Staff"},"content":{"rendered":"
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Annualizing Staff<\/h2>\n

Annualizing Staff<\/p>\n

Consult Ch. 9 of Health Care Finance: Basic Tools for Nonfinancial Managers (3rd ed.) and other outside sources to complete the worksheet.<\/p>\n

Part I: Taking information for the following scenario, complete the table accordingly by listing the number of days next to each category. Remember, a business year is <\/p>\n

divided into quarters. Therefore, when calculating a business year, you must divide the year into 52 weeks, which creates 13 months of 28 days, or 4 weeks. This <\/p>\n

translates into 4 quarters of 91 days, as there are 364 days in a business year.<\/p>\n

Imagine you are the office manager for a site the physician group owns. You are working on the budget for next year. Your boss has asked you to annualize staff at both <\/p>\n

sites because the second site\ufffd\ufffd\ufffds office manager is on family leave. You agree to do both sites. To annualize the staffing, you must convert the staff\ufffd\ufffd\ufffds net paid days <\/p>\n

worked to a factor.<\/p>\n

Both offices are open and staffed 7 days a week, per the agreement with two managed care plans. The physician group offers the following paid days for each full-time <\/p>\n

employee after 3 years of service: 8 holidays, 5 sick days, 15 vacation days, 3 personal holidays, and 3 education days. For FTEs with more than 1 year of service but <\/p>\n

less than 3 years, the physician group offers the following paid days: 8 holidays, 5 sick days, 7 vacation days, 2 personal holidays, and 1 education day.<\/p>\n

Site 1: All employees have been employed for more than 3 years.<\/p>\n

Site 2: All employees have been employed for less than 3 years, but more than 1 year.<\/p>\n

Compute net paid days worked for a full-time employee in the physician group.<\/p>\n

CATEGORY OF DAYS<\/p>\n

NUMBER OF DAYS: Site 1<\/p>\n

NUMBER OF DAYS: Site 2<\/p>\n

Total days: business year<\/p>\n

Less 2 days off per week<\/p>\n

Number of paid days per year<\/p>\n

Less paid days not worked:<\/p>\n

Holidays<\/p>\n

Personal holidays<\/p>\n

Sick days<\/p>\n

Education days<\/p>\n

Vacation days<\/p>\n

Total nonproductive days<\/p>\n

Net productive days<\/p>\n

Part II: Convert net paid days worked to a factor to annualize the staffing plan for the physician practice at both sites. Complete the following table by entering the <\/p>\n

annualizing equation to obtain the factor.<\/p>\n

SITE<\/p>\n

EQUATION<\/p>\n

FACTOR<\/p>\n

1<\/p>\n

2<\/p>\n

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