About This Chapter
Healthcare Staffing Needs & Forecasting - Chapter Summary
Our engaging chapter on healthcare staffing needs and forecasting includes a series of lessons outlining these topics clearly. You'll review full-time equivalent, forecasting staffing needs and the prevailing wage at your convenience when you access this chapter. Before you move on, answer the questions on the lesson quizzes and chapter test to make sure you've understood what you've learned. If you need assistance, reach out to one of our experts through the Dashboard. After completing this chapter, you should be ready to:
- Define full-time equivalent and its uses
- Outline the process of forecasting staffing needs in healthcare organizations
- Discuss staffing and finance in healthcare organizations
- Explain the calculation used to find prevailing wage
1. Full-Time Equivalent: Definition, Uses & Example
The modern workplace often includes a mix of full time, part time and temporary employees. To do meaningful comparisons, the number of employees is often measured in full time equivalents. We will work through some examples.
2. Forecasting Staffing Needs in Healthcare Organizations
Healthcare organizations are using forecasting to gather historical data and help determine what levels of staffing are needed in the future. Learn about some of the factors and indicators used by healthcare administrators when forecasting staffing needs.
3. Finance & Staffing in Healthcare Organizations
The financial health and effectiveness of a healthcare facility is directly related to adequate and appropriate staffing. In this lesson, we'll examine why adequate staffing is a good financial investment for any healthcare facility.
4. What is a Prevailing Wage? - Definition & Calculation
The prevailing wage is the average or standard level of pay for different occupations in different areas. They are determined by the Department of Labor. Let's look at why prevailing wage rates are important and how they are calculated.
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Other chapters within the Health 305: Healthcare Finance & Budgeting course
- Introduction to Healthcare Finance
- Organizational Structure in Healthcare
- Healthcare Organizations & Services
- Financial Reporting in Healthcare
- Health Insurance & Reimbursement
- Estimating Healthcare Costs
- Healthcare Financial Management
- Accounting & Income Statements in Healthcare
- Using Balance Sheets in Healthcare Finance
- Financial Assessment in Healthcare
- Healthcare Planning & Budgeting
- Project Costs & Evaluation in Healthcare
- Trends in Healthcare
- Required Assignment for Health 305