Instructions Week 5 Assignment- Request for information, request for proposal, and budget Fo ...

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Instructions Week 5 Assignment- Request for information, request for proposal, and budget For this assignment, you are the HIM Director for an acute Your organization is considering outsourcing all of its coding services. Currently, the coding staff uses the 3M encoder and a computer-assisted coding program. The first step is to issue a request for information (RFI) 1. Evaluate the following results from your RFI and decide which three vendors to contact for a request for proposal (RFP). Turnaround Time Are Coders Certified? AHIMA or AAPC Are Coders Familiar with 3M Encoder Are Coders Familiar with Computer Assisted Coding? What Coding Services are Provided Payment Yes No Yes No Yes No Inpatient Outpatient Emergency Ancillary Per Chart Per Hour Vendor 1 Vendor 2 Vendor 3 Vendor 4 Vendor 5 2. Now, determine eight items that should be included in the RFP that will be distributed. 3. Assume that you want to go with vendor 1 after the RFPs are evaluated. Now you must perform a cost-benefit analysis to see if it is feasible to entirely outsource. Their pricing structure is $5 per inpatient chart, $3 per outpatient chart, $1.75 for each ER, and $1 per ancillary account. Base your calculations on the average daily accounts for each patient type listed below: Inpatient 70 Outpatient 75 Emergency Department 185 Ancillary 360 4. Now calculate your coding budget for next year. All full-time equivalent (FTE) staff will be getting a 2.5 percent raise; part-time (PT) staff will be getting 1 percent. In addition, you must also account for the fringe benefit costs associated with the coding staff, which are 32 percent of their salary. 5. Calculations should be based on full-time employees working 40 hours per work with all part-time employees working half-time or 20 hours per week. 6. Is it cost effective to consider outsourcing coding based on these results? 7. What would the outcome be if you considered Vendor 5 at $30.00per hour? (use an eight-hour workday as your basis)