FTE Model 101: Balancing Resource Capacity And Demand - PowerPoint PPT Presentation

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FTE Model 101: Balancing Resource Capacity And Demand

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Title: FTE Model 101: Balancing Resource Capacity And Demand


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FTE Model 101 Balancing Resource Capacity and
Demand 
  • Undoubtedly, doctors and nurses are your
    hospitals most valuable asset, and so are the
    medical billers and coders. With them, you could
    bill your services accurately and timely and
    generate revenue. However, they are also your
    hospitals most expensive cost. If you dont keep
    them busy and reap maximum benefits, theyll eat
    away at your profits. You need enough medical
    billers and coders to capitalize on your
    opportunities, but only a few of them to sit on
    the bench. The conflict between hiring and firing
    is one of the most substantial and unresolved in
    running a successful healthcare organization. The
    resource capacity vs. demand equation must be
    solved to stay profitable and submit claims
    timely. The best way is to utilize the full-time
    equivalent model, i.e., the FTE model.

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How to maintain a balance between resource
capacity and demand
  • Resource Capacity
  • Any employees (medical billers and coders)
    capacity is the total number of standard hours an
    individual is available to work under the terms
    of the agreement. Hours, FTE (Full Time
    Equivalent), person days, people, and other units
    of resource capacity can be used.
  • Resource Demand
  • The process of calculating the resources needed
    to meet the demand for various billing and coding
    tasks is known as resource demand. The unit of
    demand for resources is measured in hours, FTE,
    person days, and so on.

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The balance between Resource Capacity Demand
  • It is the procedure of balancing the effort and
    time of the billing team with the requirements of
    the services to be billed for getting
    reimbursement from the insurance companies. In
    other words, it forecasts workforce resource
    (medical billers and coders) shortages or
    excesses in the short or long term. It is
    computed by analyzing the gaps between resource
    capacity and resource demand. This difference can
    be measured in hours, FTEs, or personal days.
    There is a shortage when resource demand exceeds
    capacity or supply. Excessive resource demand
    exists when the resource demand exceeds the
    capacity or supply.

 https//www.247medicalbillingservices.com
 info_at_247medicalbillingservices.c
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 https//www.247medicalbillingservices.com
 info_at_247medicalbillingservices.c
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Why is balancing important?
  • A lack of proper resource planning can erode your
    doctors and physicians efforts andeventually
    lead to zero or no reimbursements. Here is a
    step-by-step breakdown of how it can derail
    reimbursements
  • ? Poor planning will result in overworking and
    overscheduling the in-house billers and coders
    with conflicting priorities, eventually leading
    to exhaustion and burnout.? When in-house team
    members are overworked and overscheduled, their
    moralesuffers.? With low morale, such team
    members cannot give their 100 in billing and
    codingwork, leading to an endless rework cycle
    on claims submission.? All this will enhance the
    time and cost for healthcare organizations, with
    a high risk of denials or rejections of claims.

 https//www.247medicalbillingservices.com
 info_at_247medicalbillingservices.c
om
 https//www.247medicalbillingservices.com
 info_at_247medicalbillingservices.c
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About 24/7 Medical Billing Services
24/7 Medical Billing Services is the nations
leading medical billing service provider catering
services to more than 43 specialties across the
entire 50 states. You can rely on us for
end-to-end revenue cycle management. We guarantee
up to 10-20 increase in the revenue with cost
reduction of your practice for up to 50.
 https//www.247medicalbillingservices.com
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Call us Today
Media Contact 24/7 Medical Billing
Services, 28405 Osborn Road, Cleveland, OH,
44140 Tel 1 -888-502-0537 Email
info_at_247medicalbillingservices.com Website
https//www.247medicalbillingservices.com/
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