Problem 3- A hospital's budgeted volume for calendar year 2024 is 200,000 procedures,...
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Problem A hospital's budgeted volume for calendar year is procedures, and each FTE can do procedures a year. A pay raise will be given to all staff on May st of each year at a rate of percent. The annual hours for FTE is based on hours per week for weeks. The July rate of pay for new hires is set at $ hour regardless of hire date. The following are the current staff with FTE values and hourly rates of pay as of October : The following information may or may not be needed to solve this problem. In examining the payroll and personnel records of your department, you have determined that productive time is percent of total paid time. a Calculate the FTEs needed to perform the planned procedures for the calendar year, and determine how many new staff FTEs need to be hired, new staff can only be hired in full FTE increments eg if you need FTEs, FTEs must be hired b Calculate the salary budget for fiscal year which runs from July to June The new FTEs will be hired at the start of the fiscal year. Hint: Make sure to account for salary adjustments based on the dates they went into effect. 
Problem
A hospital's budgeted volume for calendar year is procedures, and
each FTE can do procedures a year. A pay raise will be given to all staff on
May st of each year at a rate of percent. The annual hours for FTE is based on
hours per week for weeks. The July rate of pay for new hires is set at
$ hour regardless of hire date. The following are the current staff with FTE
values and hourly rates of pay as of October :
The following information may or may not be needed to solve this problem. In
examining the payroll and personnel records of your department, you have
determined that productive time is percent of total paid time.
a Calculate the FTEs needed to perform the planned procedures for the calendar
year, and determine how many new staff FTEs need to be hired, new staff can
only be hired in full FTE increments eg if you need FTEs, FTEs must be
hired
b Calculate the salary budget for fiscal year which runs from July to
June The new FTEs will be hired at the start of the fiscal year. Hint:
Make sure to account for salary adjustments based on the dates they went into
effect.
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