f the assumed efficiency of the clinicians (including Nurse Practitioners and Physician's Asst) changed to 85%, calculate the productive capacity for January[x]. (Exhibit I.5c). Exhibit I-5c Calculation of RVU productivity capacity in January Givens: Physician Productivity A Number of Physician I 12 B Number of Physician II 8 C Shifts per year per full-time physician 204 D Hours per shift per physician 10 E Minutes per RVU 15 F RVUs per hour 4 G Physician efficiency 87% H Days in this month 31 PA or NP Productivity I Number Physician Assistants 1 J Number Nurse Practitioners 1 K Shifts per year per full-time PA or NPa 230 L Hours per day per PA or NP 8 M RVUs per hour 4 N PA or NP productivity 87% O Days in this month 31 Calculations Physician I Physician II Total P Number (A) and (B) 12 8 Q RVUs per Physician per year (365 days) (C x D x F x G) 7,099 7,099 R RVUs per day per physician (Q / 365) 19.4 19.4 S Days in this month (H) 31 31 T RVU capacity this month (P x R x S) 7,235 4,824 12,059 Physician Nurse Assistants Practitioners U Number (I) and (J) 1 1 V RVUs per PA or NP per year (K x L x M x N) 6,403 6,403 W RVUs per day per PA or NP (V / 365) 17.5 17.5 X Days in this month (O) 31 31 Y RVU capacity this month (U x W x X) 544 544 1,088 Z Total RVU capacity this month (T + Y) 13,147 aAssumes 3 weeks vacation, 1 week sick, and 2 weeks Holidays
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
f the assumed efficiency of the clinicians (including Nurse Practitioners and Physician's Asst) changed to 85%, calculate the productive capacity for January[x]. (Exhibit I.5c).
Exhibit I-5c Calculation of RVU productivity capacity in January |
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Givens: |
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Physician Productivity |
|
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A |
Number of Physician I |
12 |
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B |
Number of Physician II |
8 |
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C |
Shifts per year per full-time physician |
204 |
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D |
Hours per shift per physician |
10 |
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E |
Minutes per RVU |
15 |
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F |
RVUs per hour |
4 |
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G |
Physician efficiency |
87% |
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H |
Days in this month |
31 |
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PA or NP Productivity |
|
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I |
Number Physician Assistants |
1 |
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J |
Number Nurse Practitioners |
1 |
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K |
Shifts per year per full-time PA or NPa |
230 |
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L |
Hours per day per PA or NP |
8 |
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M |
RVUs per hour |
4 |
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N |
PA or NP productivity |
87% |
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O |
Days in this month |
31 |
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Calculations |
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Physician I |
|
Physician II |
|
Total |
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P |
Number |
(A) and (B) |
12 |
8 |
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Q |
RVUs per Physician per year (365 days) |
(C x D x F x G) |
7,099 |
7,099 |
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R |
RVUs per day per physician |
(Q / 365) |
19.4 |
19.4 |
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S |
Days in this month |
(H) |
31 |
|
31 |
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T |
RVU capacity this month |
(P x R x S) |
7,235 |
4,824 |
12,059 |
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Physician |
Nurse |
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Assistants |
|
Practitioners |
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U |
Number |
(I) and (J) |
1 |
1 |
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V |
RVUs per PA or NP per year |
(K x L x M x N) |
6,403 |
6,403 |
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W |
RVUs per day per PA or NP |
(V / 365) |
17.5 |
17.5 |
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X |
Days in this month |
(O) |
31 |
|
31 |
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Y |
RVU capacity this month |
(U x W x X) |
544 |
544 |
1,088 |
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Z |
Total RVU capacity this month |
(T + Y) |
13,147 |
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aAssumes 3 weeks vacation, 1 week sick, and 2 weeks Holidays |
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