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.

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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.

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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.
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Call us Today
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Services, 28405 Osborn Road, Cleveland, OH,
44140 Tel [phone] Email
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