The staffing calculator give practice administrators the ability to easily model the financial impact of hiring an Advanced Practice Provider. Administrators can select where they are geographically located, the specialty they are looking to hire and the years experience of that hire. Once selected the model uses benchmarked data to determine revenue and expenses. The model will not only show the production of the Advance Practice Provider but it also models increased productivity for the Physician. Practice Administrators will have the ability to add their own assumptions to the benchmarked section of this model, such as physician productivity increases, benefit percentages and expense assumptions.
The calculator recognizes that benchmarks change over time and each practice may have its own market factors where using benchmarks to model the impact of hiring an Advance Practice Provider may need more customization. We’ve provided you with a section that you can input your own practices information to better aid with your analysis and decision making.