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","protected":false},"excerpt":{"rendered":"
Annualizing Staff Consult Ch. 9 of Health Care Finance: Basic Tools for Nonfinancial Managers (3rd ed.) and other outside sources to complete the worksheet. Part I: Taking information for the following scenario, complete the table accordingly by listing the number Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7190","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/7190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=7190"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/7190\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=7190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=7190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=7190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}