Do you know the impact on your practice if your current full-time equivalent doctor number changes?
Calculating your FTE can be difficult, especially with frequently changing hours amongst your team. Cubiko has made it easy to calculate by looking at your historical data and helping you to quickly forecast the impact of any future changes.
To navigate to this metric, go to Financial Insights > Practice Forecasting > Full-time equivalent (Doctors)
The sections included in this article relating to the Full-time equivalent (Doctors) metric are:
- Watch Chris and Christina discuss this metric from our Coffee & Cake Webinar
- FTE Doctors
- Weekly Billings per FTE
- Weekly Appointments per FTE
- Predicted Doctor billings
- Predicted Doctor patients
Watch Chris and Christina discuss this metric from our Coffee & Cake Webinar
FTE Doctors
Using the historical data we have calculated the average number of FTE doctors at your practice for the historical data period chosen. A full-time doctor is calculated based on 38 hours per week.
Use the filter in the sidebar to change the historical data period we are using to calculate the FTE doctors.
If you would like to see the impact of making a change to the number of FTE doctors at your practice will have on the billings and number of patients seen, you can input a new FTE number into the box shown with the #. This entry will update the metrics you see on the remainder of this page.
Weekly billings per FTE
This is the average weekly billings per FTE Doctor calculated over the selected historical data period.
Amend the week range in the historical data filter, if you would like to see what the FTE billings were for a longer period of time.
TOP TIP! If a Doctor is considering coming to work at your practice, they may ask what their expected billings will be. Using this metric to calculate predicted doctor billings based on the average in your practice will make this an easy task.
Weekly Appointments per FTE
This metric calculates the average weekly appointments per FTE Doctor over the selected historical data period.
TOP TIP! Adding some information about the demographics of your patients may be helpful when bringing a new Doctor onboard with the practice.
Predicted Doctor billings
This metric is a calculated prediction of the possible billings for the prediction period chosen based on the FTE Doctor number entered and the average Weekly billings per FTE.
If you have made any amendments to the input area in the FTE Doctors tile, these remaining metrics will amend in line with the adjustment and reference the variance to the original figures.
Adjust the prediction period using the filters - enter a number for the prediction period in weeks and you can also view this metric for individual Doctors using the Select Practitioner filter.
Predicted Doctor patients
This metric shows a calculated prediction of the possible number of appointments (patients) that may be seen for the prediction period selected. This is based on the FTE Doctor number entered and the average Weekly appointments per FTE.
Adjust the prediction period using the filters - enter a number for the prediction period in weeks and you can also view this metric for individual Doctors using the Select Practitioner filter.
TOP TIP! If you are looking to recruit Practitioners, use our handy recruitment prospectus, so you can show potential Practitioners how your Practice performs, using Cubiko data.