Calculating Healthcare Formulas

Calculating Healthcare Formulas

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(2-3 pages Word Document) Your team of employees and you are working on a big project for the hospital’s chief financial officer (CFO). Together, you will develop a system to justify the full-time employees of the laboratory department. Address the following: • Decide how many hours during the week the department must be staffed to fully operate. • Calculate, using one of the FTE formulas to justify, how many full-time employees are necessary. Assume that the full-time employees will work five 8-hour shifts. The minimum amount of employees per shift is: 1 pathologist, 2 laboratory technologists, and 1 front office person. Combine the information into a PowerPoint slide presentation (2-3 slides) to present to the hospital CFO. Make the slides informational and also visually appealing. For more information on creating PowerPoint Presentations, please visit the PowerPoint Lab. Focus on the department and begin calculating the number of hours you feel the department needs to operate and how you would figure out how many full-time employees are necessary to achieve that level of operation. After doing so, start identifying costs that the department may incur as a result of normal operation and identify the revenue it is also capable of bring in. Write a brief summary of your findings.