hca270_r3_annualizing_staff_wk4 - Annualizing Staff HCA/270...

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Annualizing Staff HCA/270 Version 3 1 Associate Level Material Annualizing Staff Consult Ch. 9 of Health Care Finance and other outside sources to complete the worksheet. 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 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 translates into 4 quarters of 91 days, as there are 364 days in a business year. 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 sites, because the second site’s office manager is on family leave. You agree to do both sites. To annualize the staffing, you must convert the staff’s net paid days worked to a factor. Both offices are open and staffed 7 days a week, per the agreement with two managed care
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