Indiana Institute of Technology Determine Cost Benefit Analysis Discussion

  • Post category:Nursing
  • Reading time:7 mins read
  • Post author:

Indiana Institute of Technology Determine Cost Benefit Analysis Discussion

Nursing homework help

HIM3700 Module 4 Assignments Cost Benefit Analysis

You are the Director of Health Information Services at Indiana Tech Hospital and are currently charged by your hospitals’ Administration to consider outsourcing all of the coding services. As part of this project, you need to determine the value of outsourcing this work by performing a cost-benefit analysis. You have narrowed your search down to two vendors, and must determine the value, if any, to outsourcing to either one of these companies. The below tables provide all of the information you will need to carry out your analysis. Please answer the following questions on a separate document: Vendor Information Table TAT Inpatient Outpatient Emergency Ancillary Paid p/ chart Vendor #1 48 hrs Yes Yes Yes Yes X Vendor #2 48 hrs Yes Yes Yes Yes Paid p/ hour X 1. Assume that you are choosing to go with Vendor #1. Their “per chart” Pricing structure is as follows: a. $5 per inpatient chart b. $3 per outpatient chart c. $1.75 per ER chart d. $1.25 per Ancillary chart Using the date above, conduct a cost-benefit analysis to see if it is possible to entirely outsource. Provide a detailed discussion of your analysis, including your rationales. Is it feasible to outsource? Why or why not? Average Daily Counts/Patient Type *keep in mind this is per day Patient Type Count Inpatient 80 Outpatient 85 Emergency Room 190 Ancillary 465 2. Now you will need to calculate your coding budget for next year. Use the information in the chart below, combined with the following consideration to complete your forecast: a. All full-time staff will be getting a 2.5% raise b. All part-time staff will be getting a 1% raise c. Account for fringe benefit of coding staff, which is 32% of their salary Coder FTE Current Rate per Hour IP Coder I 1 FTE $24.00/hr IP Coder II 2 FTE $22.50/hr IP Coder III 3 FTE $21.75/hr OP Coder I 1 FTE $19.75/hr OP Coder II 2 FTE $19.75/hr ER Coder I 1 FTE $18.25/hr ER Coder II 2 PT $18.25/hr AN Coder I 1 FTE $17.50/hr AN Coder II 2 PT $17.50/hr Current Year Salary Raise Next Year Salary *IP=Inpatient *OP=Outpatient *ER=Emergency. *AN=Ancillary. *FTE=Full Time Equivalent. *PT=Part Time 3. Considering your determinations from the first two questions, is it cost effective to consider outsourcing coding based on these results? Why or why not? 4. What would the outcome be if you considered Vendor #2 at $31.00 per hour? Explain your determination.

  Excellent Good Fair Poor
Main Posting 45 (45%) – 50 (50%)

Answers all parts of the discussion question(s) expectations with reflective critical analysis and synthesis of knowledge gained from the course readings for the module and current credible sources.

 

Supported by at least three current, credible sources.

 

Written clearly and concisely with no grammatical or spelling errors and fully adheres to current APA manual writing rules and style.

40 (40%) – 44 (44%)

Responds to the discussion question(s) and is reflective with critical analysis and synthesis of knowledge gained from the course readings for the module.

 

At least 75% of post has exceptional depth and breadth.

 

Supported by at least three credible sources.

 

Written clearly and concisely with one or no grammatical or spelling errors and fully adheres to current APA manual writing rules and style.

35 (35%) – 39 (39%)

Responds to some of the discussion question(s).

 

One or two criteria are not addressed or are superficially addressed.

 

Is somewhat lacking reflection and critical analysis and synthesis.

 

Somewhat represents knowledge gained from the course readings for the module.

 

Post is cited with two credible sources.

 

Written somewhat concisely; may contain more than two spelling or grammatical errors.

 

Contains some APA formatting errors.

0 (0%) – 34 (34%)

Does not respond to the discussion question(s) adequately.

 

Lacks depth or superficially addresses criteria.

 

Lacks reflection and critical analysis and synthesis.

 

Does not represent knowledge gained from the course readings for the module.

 

Contains only one or no credible sources.

 

Not written clearly or concisely.

 

Contains more than two spelling or grammatical errors.

 

Does not adhere to current APA manual writing rules and style.

Main Post: Timeliness 10 (10%) – 10 (10%)

Posts main post by day 3.

0 (0%) – 0 (0%) 0 (0%) – 0 (0%) 0 (0%) – 0 (0%)

Does not post by day 3.

First Response 17 (17%) – 18 (18%)

Response exhibits synthesis, critical thinking, and application to practice settings.

 

Responds fully to questions posed by faculty.

 

Provides clear, concise opinions and ideas that are supported by at least two scholarly sources.

 

Demonstrates synthesis and understanding of learning objectives.

 

Communication is professional and respectful to colleagues.

 

Responses to faculty questions are fully answered, if posed.

 

Response is effectively written in standard, edited English.

15 (15%) – 16 (16%)

Response exhibits critical thinking and application to practice settings.

 

Communication is professional and respectful to colleagues.

 

Responses to faculty questions are answered, if posed.

 

Provides clear, concise opinions and ideas that are supported by two or more credible sources.

 

Response is effectively written in standard, edited English.

13 (13%) – 14 (14%)

Response is on topic and may have some depth.

 

Responses posted in the discussion may lack effective professional communication.

 

Responses to faculty questions are somewhat answered, if posed.

 

Response may lack clear, concise opinions and ideas, and a few or no credible sources are cited.

0 (0%) – 12 (12%)

Response may not be on topic and lacks depth.

 

Responses posted in the discussion lack effective professional communication.

 

Responses to faculty questions are missing.

 

No credible sources are cited.

Second Response 16 (16%) – 17 (17%)

Response exhibits synthesis, critical thinking, and application to practice settings.

 

Responds fully to questions posed by faculty.

 

Provides clear, concise opinions and ideas that are supported by at least two scholarly sources.

 

Demonstrates synthesis and understanding of learning objectives.

 

Communication is professional and respectful to colleagues.

 

Responses to faculty questions are fully answered, if posed.

 

Response is effectively written in standard, edited English.

14 (14%) – 15 (15%)

Response exhibits critical thinking and application to practice settings.

 

Communication is professional and respectful to colleagues.

 

Responses to faculty questions are answered, if posed.

 

Provides clear, concise opinions and ideas that are supported by two or more credible sources.

 

Response is effectively written in standard, edited English.

12 (12%) – 13 (13%)

Response is on topic and may have some depth.

 

Responses posted in the discussion may lack effective professional communication.

 

Responses to faculty questions are somewhat answered, if posed.

 

Response may lack clear, concise opinions and ideas, and a few or no credible sources are cited.

0 (0%) – 11 (11%)

Response may not be on topic and lacks depth.

 

Responses posted in the discussion lack effective professional communication.

 

Responses to faculty questions are missing.

 

No credible sources are cited.

Participation 5 (5%) – 5 (5%)

Meets requirements for participation by posting on three different days.

0 (0%) – 0 (0%) 0 (0%) – 0 (0%) 0 (0%) – 0 (0%)

Does not meet requirements for participation by posting on 3 different days.

Total Points: 100