{"id":20447,"date":"2018-08-01T06:30:10","date_gmt":"2018-08-01T10:30:10","guid":{"rendered":"http:\/\/www.reviewob.com\/?p=20447"},"modified":"2018-12-04T16:09:53","modified_gmt":"2018-12-04T21:09:53","slug":"staffing-when-its-time-to-add-more-how-to-do-it","status":"publish","type":"post","link":"https:\/\/reviewob.com\/staffing-when-its-time-to-add-more-how-to-do-it\/","title":{"rendered":"Staffing: When It’s Time to Add More & How to Do It"},"content":{"rendered":"

By Steve Sunder<\/strong><\/p>\n

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August 1, 2018<\/strong><\/p>\n

Your staffing needs are fluid, with upticks in patient volume, and profitability, sometimes prompting the need for more people to deliver exceptional care. Here are strategies for determining when the time is right to expand your practice team.<\/p>\n

What Do the Numbers Tell You?
\n<\/strong><\/span>It’s tempting to go with your gut in deciding when it’s time to add more staff members, but there are formulas that have already been developed to help you make that decision.<\/p>\n

According to the Management & Business Academy, there are four key staffing metrics to keep in mind:<\/p>\n

\u2022 Staff salary expense ratio should be 18-24 percent of overall practice expenses.<\/p>\n

\u2022 Revenue per full-time-equivalent (FTE) staff member per hour should equal $80-$83, or annual revenue per FTE staff should equal $130,000.<\/p>\n

\u2022 One optician per annual sales revenues of $225,000.<\/p>\n

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Source: Management & Business Academy<\/em><\/p>\n<\/div>\n

For a practice with $1,000,000 gross revenue collected, it would work like this:<\/p>\n