Use the following model below to determine how many Physicians, RNs, LPNs, and A

Question

Use the following model below to determine how many Physicians, RNs, LPNs, and Administrative Specialists your annual salary budget of $2,650,000.00 will secure. For every Physician hired, your company wants to employ one RN and two LPNs. For every two Physicians hired (along with associated personnel) it is standard to employ one Administrative Specialist to handle scheduling and clerical duties. Illustrate your budget and provide a narrative to support your recommendation. Review the following information to determine how you will staff this clinic:

Physician Hourly Rate: $60.00 = (1 FTE)

RN Hourly Rate: $22.50 = (1 FTE)

LPN Hourly Rate: $16.00 = (1 FTE)

Administrative Specialist Hourly Rate: $11.50 = (1 FTE)

Holidays, Sick Days, Vacation Days, Professional Development Days for all personnel = .6

Explanation / Answer

Answer:

Total Hours in a year   = 365 * 24 = 8760 Hours

Total Annual Budget = $2650000

Per Hour Budget = 2650000/8760 = $302.51

Let

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