Formulas For Nursing Home Administrators Final Exam Fully Solved 2024.

What is the formula for Med Errs? - Answer 4.4%Example: I have an order of medication for 30 days. I missed 2 doses. So, 2 divided by 20 pills that have already been given plus the 10 pills I have not given yet, is 2 over 30. divided, this is .06 repeating. Multiplied by 100, I have a 6.6 repeating med err rate which is above 5% which is BAD a nursing home is considering the purchase of a new dishwashing machine that costs $6,000 and has a useful life of 10 years. It is estimated that the machine will reduce annual operating costs by $800 over each of the next ten years. What is the payback period? - Answer Calculate the payback period by dividing the $6,000 cost of the item by the expected annual reduction in operating costs of $800. This gives 7.5 as the payback period in years. knowing the useful life in this situation is irrelevant and if calculated would give you straight line depreciation. the number of hours worked divided by the number of patients - Answer Formula for hours per patient day average daily census divided by the number of beds - Answer Formula for percent occupancy How to calculate PPD: Raw food budget - Answer Meals served per month: • 50 residents/day × 3 meals/day=150 meals/day • 150 meals/day × 30 days/month=4500 meals/month (After adding up your raw food cost which in this scenario is 6950) Raw Food costs: • Raw food costs: $6950 (cost of raw food)÷4500 meals/day=$1.54/meal • $1.54/meal × 3 meals/day=$4.63/patient day What is the formula for full time equivalent? - Answer Total number of hours worked or budget/40 Example: activities departnement of a nursing home hires one individual to work 8 hours for 5 days a week, and 3 part time individuals who collectively work 50 hours per week. How many full time equivalents are in this department?