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?

(ONLY USE INFORMATION PROVIDED TO SOLVE)

Solution

There are 1,440 minutes in a day and 10,080 minutes in a week (1440*7).

Total extra time taken = 1500*2 = 3000 minutes (2minutes per claim)

Total productivity loss in percentage = (3000/10080)*100 = 29.76 or 30% approx.

Whatever is the amount of total claims when multiplied by the percentage of productivity loss would give the dollar amount of loss.