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  • 1.  Profit Revenue

    Posted 10-23-2018 03:09 PM
    Edited by Kristy Olivere 10-24-2018 09:04 AM
    Hello,

    I know how busy we all are, so I will keep it short and sweet. 

    Problem: Low number of SLPs in medical settings in certain areas (including high population cities) leading to untapped potential to serve communities, fewer SLP positions available, lower salaries due to underestimated value added

    Objective: To collect data on the profit revenue earned when adding additional SLP to staff. 

    Rationale: We need data to demonstrate from a business standpoint that our clinical skills are valuable and necessary
    1. To generate positions
    2. To increase/improve patient care
    3.To advocate for fair wages based on our skill set

    Questions:
    1. How much revenue is made for each additional SLP?
    2. How do you decide when to hire a new SLP?
    3. What type of caseload (number of patients) do you expect for each SLP?
    4. How much is billed per patient session on average?
    5. Upon which type of setting is this report based?


    Thank you in advance for any and all input that you can provide!

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    Kristy Earley, M.S., CCC-SLP, CBIS
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  • 2.  RE: Profit Revenue

    Posted 10-24-2018 11:24 AM
    ​I will try and help, it is a bit vague though, nature of the beast!  We have shown our value and the level of work/quality we do.  We keep getting busier and it is VERY difficult to oncall staff or more staff in this current healthcare climate.  We are working to be creative in our coverage and working to show need for staff increases.  Good luck!
    Questions:
    1. How much revenue is made for each additional SLP?  We have business analysts that can calculate billable units for each SLP and then cost revenues etc....very dependent upon payer sources in your area of course. We have both hospital and outpt peds to adult.

    2. How do you decide when to hire a new SLP? we must show unmet demand, waiting lists often, creative staffing in that we cross-cover each other.

    3. What type of caseload (number of patients) do you expect for each SLP? Variable.  At least 6 hours billable outpt.  Much more difficult to calculate on a rehab unit or acute care. 

    4. How much is billed per patient session on average? There are Medicare charges and commercial charges and quite different per service. Again, we are fortunate to have business analysts to monitor and do this.

    5. Upon which type of setting is this report based?  Rehab unit/acute care/outpt pediatric to adult

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    Gina Mitchell
    Rochester, MN
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