determine if the practice's staffing model aligns with MGMA data benchmarking. If not, what does MGMA's data benchmarking indicate from a staffing standpoint for the discussed practice?
Proforma
Assumptions:
Plastic Surgery Practice
2 Surgeon, 2 Nurse Practitioner Practice
1 Front Desk Staff Member (Check In/Check Out)
5 Medical Assistants
2 Surgery Schedulers
2 Administrative Assistants
1 Practice Manager
1 Coding/Billing Staff Member
Physician 1 Patient Collections: $1,200,000
Physician 2 Patient Collections: $1,500,000
Nurse Practitioner 1 Collections: $ 250,000
Nurse Practitioner 2 Collections: $ 150,000
Physician 1 Compensation: $ 550,000
Physician 2 Compensation: $ 700,000
Nurse Practitioner 1 Compensation: $ 150,000
Nurse Practitioner 2 Compensation: $ 110,000
Front Desk Staff Member Compensation: $ 40,000
Medical Assistant Compensation: $35,000, $40,000, $40,000, $45,000, $48,000
Surgery Scheduler Compensation: $40,000, $45,000
Administrative Assistant Compensation: $35,000, $38,000
Practice Manager Compensation: $70,000
Coding/Billing Staff Member $40,000
Physician and Staff Fringe Benefit Rate 15%
Supplies Expense: $200,000
Drug Expense: $500,000
Rent Expense: $250,000
Utilities Expense: $100,000
Depreciation Expense: $ 50,000
Malpractice Expense: $100,000
Travel Expense: $ 30,000
Equipment Repairs Expense: $ 25,000
Other Expense: $ 25,000
The sum of “Total advanced practice providers” and “Total physicians” FTE and costs.
Total Support Staff
The sum of “Total employed support staff” and “Total contracted support staff.”
Total Business Operations Support Staff FTE
The sum of “General administrative,” “Patient accounting,” “General accounting,” “Managed care administrative,”
“Information technology” and “Housekeeping, maintenance, security.”
Total Front Office Support Staff FTE
The sum of “Medical receptionists,” “Medical secretaries, transcribers,” “Medical records” and “Other administrative
support.”
Total Clinical Support Staff FTE
The sum of “Registered nurses,” “Licensed practical nurses” and “Medical assistants, nurse’s aides.”
Total Ancillary Support Staff FTE
The sum of “Clinical laboratory,” “Radiology and imaging” and “Other medical support services.”
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
