Cost benefit analysis scenario: You are the Senior Supervisor for the Admissions Department of Valleybrook Hospital, a 500-bed hospital full service health care facility.
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Using a Cost Benefit Analysis, is option 1 or option 2 the best? Please provide work in detailed step by step instructions thank you very much. Thank you.
Background information:
Proposal for New Employee
Scenario: You are the Senior Supervisor for the Admissions Department of Valleybrook Hospital, a 500-bed hospital full service health care facility. In the past three years, admissions at Valleybrook have increased an average of 15% per year.
Up to now, the admissions staff members have filed their own information but increases in admissions, filing is backing up. Observing this, you need to prepare a justification proposal for a part-time filing clerk. Use the information below, to calculate a Cost Benefit Analysis (CBA).
Facts:
? Currently have 5 full-time admissions clerks at $12 per hour or $12, 544.00 monthly cost (including $1344 fringe costs). The admissions clerks are so busy with admissions and paperwork related to admittance that they do not have adequate time to file all their paperwork.
? Part-time filing clerk needed at 20 hours (no fringe) at $10 per hour
? Increase in admissions has increased revenue an average of $300,000 monthly. With expenses factored in, there is a profit for Valleybrook of approximately $100,000 monthly.
? Profit configured conservatively at 5% increase, Valleybrook would still realize a clear profit of approximately $30,000 monthly.
Option 1: Existing admissions clerks can work overtime. Each clerk will work 3 hours overtime each week.
Option 2: Hire a part-time filing clerk.
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Solution Summary
The expert examines a senior supervisor for admissions department of a hospital.
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Can you also help with this project please?
Using a Cost Benefit Analysis, is option 1 or option 2 the best? Please provide work in detailed step by step instructions thank you very much. Thank you.
Background information:
Proposal for New Employee
Scenario: You are the Senior Supervisor for the Admissions Department of Valleybrook Hospital, a 500-bed hospital full service health care facility. In the past three years, admissions at Valleybrook have increased an average of 15% per year.
Up to now, the admissions staff members have filed their own information but increases in admissions, filing is backing up. Observing this, you need to prepare a justification proposal for a part-time filing clerk. Use the information below, to calculate a Cost Benefit ...
Purchase this Solution
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