Assignment 6: COST per CHART Coder Week 4 charts per day salary per hour salary per 8 hour day cost per chart Joyce's Performance 129 25.8 $ 22.50 $ 180.00 $ 6.98 Sue's Performance 121 24.2 $ 16.14 Chris's Performance 169 33.8 $ 25.00 Group Total 419 83.8 This week we will continue with the chart from last week, only we will determine if the stafng level is appropriate for the amount of work. Determining full-time Equivalents. If it is determined that the time to code a chart is 20 minutes, is there sufcient staff for the workload? First, we must determine how many hours each day are spent on coding. The coders are all fulltime, working 40 hours a week, 2080 hours per year. But, they have a paid lunch 1/2 hour and two 15'minute breaks, which make their actual productive time 7 hours per day even though they are paid for 8 hours. We need to determine how many hours would be needed to code the total number of daily charts. We will use the number from week four because it is the most current. This is 83.8 charts per day. 20 minutes per chart = 3 charts per hour 3 charts per hour X 7 productive hours per day = expected charts per day for one coder (1 FTE) Show your calculations for all of the questions. 1. Do the math and determine if they are overstaffed or understaffed, and explain your answer. Hint: Is the number of total charts per day greater than the expected number for three coders? 2. To determine the number of fulltime employees or fulltime equivalents (FTE) to handle the workload. We can take the average number of charts per day and divide by the number of productive hours for one employee X 3 charts per hour per day. Remember, there are only 7 productive hours per day. How many full-time equivalents (FTE) did you get? What does this gure mean? 3. The department director wants to know how much it costs for the coders to code a chart based on the coder's daily salary. To determine this. You must take the hourly rate x 8 hours per day to determine the employee's daily salary. Even though the employee is productive for only 7 hours, the employee costs 8 hours each day. Then divide the daily number of charts coded for each employee. The table above has Joyce's cost per chart already compiled, so just nd the values for the cells with yellow marks. What can you determine from the results