Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please develop a budget in Microsoft Excel using the following wages: - 4 Coders making $40.87 per hour. - 2 Transcriptionists making $35.00 per hour

image text in transcribed
Please develop a budget in Microsoft Excel using the following wages: - 4 Coders making $40.87 per hour. - 2 Transcriptionists making $35.00 per hour - 6 File Clerks making $26.92 per hour (Please use 2080 for the hours in a payroll year.) After creating your spreadsheet, please answer the following questions based on a 2080 payroll hour year: 1. If your typical transcriptionist can transcribe 1,000 lines of transcription per day and your typical coder will code 14 discharges per day, how much will it cost your department to have full staffing for a facility that averages 64 discharges a day and 2,500 lines of transcription per day? 2. How much will you spend in payroll for just wages? 3. What will your payroll budget be if all employees get a 3.1% raise for next year? 4. Do you think using a transcription service that charges by the word would be a better option. Your average discharge dictation is 15 audio minutes and a service will charge from 1.25 to 1.35 per audio minute. This corresponds to 35 dictation lines per report

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Clinical Audit In Oral Pathology Laboratory A Wide Range Of Quality Improvement

Authors: Rudra Bhardwaj, Narendra Nath Singh, Sherin Nair

1st Edition

3330343052, 978-3330343054

More Books

Students also viewed these Accounting questions

Question

Outline the major legislation affecting human resources management.

Answered: 1 week ago

Question

Discuss the goals of financial management.

Answered: 1 week ago