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Determining Hourly Rates

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  • #6466
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    Posted by: Carol Candor, Bayhealth Medical Center

    Date: October 9, 2009, 8:32 am

    How do you obtain your hourly rate numbers? I thought the hourly rates were to be derived from numbers on the Medicare Reports.

    #6697
    admin
    Keymaster

    Response: Augusta Mueller, Yale-New Haven Health

    Date: October 9, 2009, 10:00 am

    We use a facility-wide average rate using a specific range position codes. Note I have been advised that since we apply the average rate not to utilize an indirect cost factor. Last year we compared the average rate of one year to a tiered rate system the prior year and there was not a significant variance. Given the large number of facility reporters at the hospital the average facility wide rate is our chosen method.

    #6698
    admin
    Keymaster

    Response: Carol Candor, Bayhealth Medical Center

    Date: October 9, 2009, 10:19 am

    No, we don’t use an indirect cost factor either, and we also have tried the tiered rate system and the average rate for specific positions. I agree that the average rate seems to work the best when using reporters to input data. I am wondering in which financial report are you finding the rates to average?

    #6699
    admin
    Keymaster

    Response: Angela Haggard, Provena Health

    Date: October 9, 2009, 10:17 am

    We use average budgeted salary by department which we obtain annually from finance. We also have a hospital-wide average.

    #6700
    admin
    Keymaster

    Response: Samantha Frost, Ochsner Clinic Foundation

    Date: October 9, 2009, 11:32 am

    HR

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