Assume a hospitals coders are dealing with 1500 claims week

Assume a hospital’s coders are dealing with 1,500 claims week. What would the dollar amount of productivity loss be for that week if the coders took an extra two minutes per claim?

Solution

Here, we shall assume below details

Amount per hour not given in question therefore we assume $50.00 per hour.

As per given information hospital\'s coders are dealing with 1500.00 claims per week and coders took extra 2 minuts per claim.

As per our assumption let\'s calculate amount per minute i.e. $50.00 per hour / 60 mins --> $0.833

Coders took extra 2 minuts per claim. Hence, 2 mins extra equals to $0.833 * 2 --> $1.67

Therefore, if hospital\'s coders are dealing with 1500.00 claims per week and coders took extra 2 minuts per claim then dollar amount of productivity loss is $1.67 * 1500 claims --> $2500.00