Problem 1
Using the information provided, prepare a salary budget for FYX2 (7/1/X1 to 6/30/X2). Volume in the budget year is planned to be 5,400 patient days, and
staff needs are for six hours of hands-on RN care per patient day. Productive time is 85 percent of total paid time. For purposes of this solution, the assumption is that nurses can be hired only in half FTE increments (e.g., if you calculate a need for 12.8 FTEs, 13 FTEs must be budgeted).
A pay raise will be given to all staff on May 1 of each year at a rate of 6 percent. The July 1, 19X1, rate of pay for new hires is set at $13.00/hour regardless of the date of hire.
The following are the current staff with FTE values and hourly rates of pay as of November 4, 19X0:
|
Abelein
|
1.0
|
$14.30
|
|
Brenchley
|
1.0
|
13.80
|
|
Brownstein
|
0.5
|
13.50
|
|
Colson
|
1.0
|
14.00
|
|
Cottingham
|
0.5
|
12.75
|
|
Cyr
|
1.0
|
14.20
|
Problem 2
Prepare a salary budget for the fiscal year 7/1/X1 to 6/30/X2. Staffing levels are based on the need for six hours of hands-on work per patient day. Volume in the budget year is to be 3,600 patient days. Productive time is 80 percent of total paid time. For purposes of this solution, staff can be hired only in half FTE increments; thus if there is a need for 7.4 FTEs, 7.5 must be budgeted. The following are the current staff with FTE values and hourly rates of pay as of 4/1/X1:
|
King
|
1.0
|
$14.00
|
|
Law
|
1.0
|
13.80
|
|
Rogers
|
1.0
|
13.50
|
|
Ruby
|
1.0
|
14.00
|
|
Russell
|
0.5
|
12.75
|
A pay raise will be given to all staff on May 1 of each year at a rate of 6 percent. The starting rate of pay for new hires is $13.00 regardless of hire date.
Problem 3
Using the information provided, prepare a salary budget for FYX3 (7/1/X2 to 6/30/X3). Volume in the budget year will be 3,000 units of service, and staff needs are for five hours of hands-on work per unit of service. Productive time is 85 percent of total paid time. For purposes of this solution, the assumption is that staff can be hired only in half FTE increments. A pay raise will be given to all staff (and to the starting rate of pay) on June 1 and December 1 of each year at a rate of 6 percent.
The following are the current staff with FTE values and hourly rates of pay as of March 8, 19X2:
|
Critz
|
1.0
|
$14.50
|
|
Zeri
|
0.4
|
13.50
|
|
Goal
|
1.0
|
15.00
|
|
Taft
|
0.5
|
13.75
|
|
Freeman
|
0.6
|
14.60
|
|
Starting Rate
|
|
13.00
|
|
Problem 4
Given the following information, budget year.
Patient Days Outpatient Visits
Inpatient Tests Outpatient Tests
|
calculate the test volume for the upcoming
Base Year Budget
(6 Months) Year
150,000 250,000
100,000 210,000
450,000
400,000
|
|
|
|
|
Problem 5
Your pharmacy is able to produce up to 30,000 unit doses each month. The
trend in unit doses over the years has been as shown below. What amount of unit doses will you budget for in 19X4?
19X1 312,000 Unit Doses
19X2 327,600 Unit Doses
19X3 343,890 Unit Doses
Problem 6
You manage a Therapeutic Radiation Department with five machines. These machines have a maximum total capacity of 600 treatments per month, each val-
ued at 50 RVUs. What number of RVUs will you budget in 19X8, given the following RVU trend over time?
|
19X1 --
|
190,000
|
19X5
|
-- 278,180
|
|
19X2 --
|
209,000
|
19X6
|
- - 306,000
|
|
19X3 -
|
-- 229,900
|
19X7
|
-- 336,000
|
|
19X4 --
|
252,890
|
|
|