This document outlines Magellan Health Services' pharmacy technician and medical billing externship program. It discusses the benefits of externships for both the externs and Magellan, including hands-on training, potential employment opportunities, and cost savings for Magellan. The document provides details on the externship program structure, requirements, and how to partner with allied health colleges near Magellan locations to recruit externs.
Decision making is important for entrepreneurs or anyone alike. Procrastination often leads to bad decision making and requires more time to rectify when it happens. Here are some tips to help you take control of your decisions for your business.
This presentation gives overview of how to assess the capital requirements, how to source the capital, how manage the capital, when and how to create debt, what are the parameters to be looked into while raise debt finance etc.
What is the 'Time Value of Money - TVM'
The time value of money (TVM) is the idea that money available at the present time is worth more than the same amount in the future due to its potential earning capacity. This core principle of finance holds that, provided money can earn interest, any amount of money is worth more the sooner it is received. TVM is also referred to as present discounted value.
BREAKING DOWN 'Time Value of Money - TVM'
Money deposited in a savings account earns a certain interest rate. Rational investors prefer to receive money today rather than the same amount of money in the future because of money's potential to grow in value over a given period of time. Money earning an interest rate is said to be compounding in value.
BREAKING DOWN 'Compound Interest'
Compound Interest Formula
Compound interest is calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one.The total initial amount of the loan is then subtracted from the resulting value.
Decision making is important for entrepreneurs or anyone alike. Procrastination often leads to bad decision making and requires more time to rectify when it happens. Here are some tips to help you take control of your decisions for your business.
This presentation gives overview of how to assess the capital requirements, how to source the capital, how manage the capital, when and how to create debt, what are the parameters to be looked into while raise debt finance etc.
What is the 'Time Value of Money - TVM'
The time value of money (TVM) is the idea that money available at the present time is worth more than the same amount in the future due to its potential earning capacity. This core principle of finance holds that, provided money can earn interest, any amount of money is worth more the sooner it is received. TVM is also referred to as present discounted value.
BREAKING DOWN 'Time Value of Money - TVM'
Money deposited in a savings account earns a certain interest rate. Rational investors prefer to receive money today rather than the same amount of money in the future because of money's potential to grow in value over a given period of time. Money earning an interest rate is said to be compounding in value.
BREAKING DOWN 'Compound Interest'
Compound Interest Formula
Compound interest is calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one.The total initial amount of the loan is then subtracted from the resulting value.
Long-Term Financing
Long-term financing is usually needed for acquiring new equipment, R&D, cash flow enhancement, and company expansion. Some of the major methods for long-term financing are discussed below.
Equity Financing
Equity financing includes preferred stocks and common stocks. This method is less risky in respect to cash flow commitments. However, equity financing often results in dissolution of share ownership and it also decreases earnings.
The cost associated with equity is generally higher than the cost associated with debt, which is again a deductible expense. Therefore, equity financing can also result in an enhanced hurdle rate that may cancel any reduction in the cash flow risk.
Entrepreneurship development programmesDaksh Goyal
As the term itself denotes, EDP is a programme meant to develop entrepreneurial abilities among the people. In other words, it refers to inculcation, development, and polishing of entrepreneurial skills into a person needed to establish and successfully run his / her enterprise. Thus, the concept of entrepreneurship development programme involves equipping a person with the required skills and knowledge needed for starting and running the enterprise.
There is a wide range of specific skills needed to undertake one-to-one coaching, team building, facilitating, counseling, besides being an interventionist and change agent, explained here is the Skills of an Effective Trainer, as a part of lesson “Effective Hr training and Development Strategy”, brought to you by Welingkar’s Distance Learning Division.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/effectivehrtrainingslides
Join us on Facebook: http://www.facebook.com/welearnindia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP
A slide set giving a basic introduction to business coaching. The fundamental principles of the GROW model are used. This is a model developed by John Whitmore. It has often been built upon and changed but has not been surpassed. That is because the model works!!
This slide set is available as a series of Lightbulb Moments cards. These have been well received as a valuable resource in education, training and coaching.
Lightbulb Moments are free to download from the Ei4Change website. http://goo.gl/qNc5qR
This is the presentation I gave to the executives on what I accomplished during my summer as an intern with InfoPrint Solutions Company. Though there were so many small pieces I worked on, my focus for the presentation was some of the larger components of my internship.
Long-Term Financing
Long-term financing is usually needed for acquiring new equipment, R&D, cash flow enhancement, and company expansion. Some of the major methods for long-term financing are discussed below.
Equity Financing
Equity financing includes preferred stocks and common stocks. This method is less risky in respect to cash flow commitments. However, equity financing often results in dissolution of share ownership and it also decreases earnings.
The cost associated with equity is generally higher than the cost associated with debt, which is again a deductible expense. Therefore, equity financing can also result in an enhanced hurdle rate that may cancel any reduction in the cash flow risk.
Entrepreneurship development programmesDaksh Goyal
As the term itself denotes, EDP is a programme meant to develop entrepreneurial abilities among the people. In other words, it refers to inculcation, development, and polishing of entrepreneurial skills into a person needed to establish and successfully run his / her enterprise. Thus, the concept of entrepreneurship development programme involves equipping a person with the required skills and knowledge needed for starting and running the enterprise.
There is a wide range of specific skills needed to undertake one-to-one coaching, team building, facilitating, counseling, besides being an interventionist and change agent, explained here is the Skills of an Effective Trainer, as a part of lesson “Effective Hr training and Development Strategy”, brought to you by Welingkar’s Distance Learning Division.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/effectivehrtrainingslides
Join us on Facebook: http://www.facebook.com/welearnindia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP
A slide set giving a basic introduction to business coaching. The fundamental principles of the GROW model are used. This is a model developed by John Whitmore. It has often been built upon and changed but has not been surpassed. That is because the model works!!
This slide set is available as a series of Lightbulb Moments cards. These have been well received as a valuable resource in education, training and coaching.
Lightbulb Moments are free to download from the Ei4Change website. http://goo.gl/qNc5qR
This is the presentation I gave to the executives on what I accomplished during my summer as an intern with InfoPrint Solutions Company. Though there were so many small pieces I worked on, my focus for the presentation was some of the larger components of my internship.
We’ve been talking about virtual for a long time, but what was once a popular theme for Science Fiction is now a reality. Today, we see more and more traditional career events – job fairs, career fairs and open houses – being moved to the online space.
In this webinar:
* We will examine some of the virtual formats that have been used in the past and are currently being utilized by top companies and media outlets alike
* We will discuss hybrid (physical and virtual) fairs
* We will also look at the future for virtual career fairs
* We will highlight the different features that can be found at these innovative events
The career fair has always been an ideal opportunity for candidates and employers to meet, exchange ideas, information and to discuss opportunities.
We’ll look at how these virtual fairs endeavor to embody all of these integral aspects of the traditional career fair while providing an augmented experience – for candidate and employer alike – compliments of modern technology.
Teacher externships are a powerful way to revitalize your teaching and see firsthand how classroom skills and knowledge translate to the workplace. Come learn the first steps of planning a successful teacher externship program, hear ideas on where to look for support and sponsorship and view templates and checklists to get you started on setting up a valuable workplace experience.
Looking to enhance your healthcare provider credentialing process? Our team of experts can help you effectively manage licenses and certifications. Focus on delivering superior patient care while we handle the rest.
Medical credentialing services are important in the healthcare business because they assist both healthcare practitioners and patients. By ensuring the competence and credibility of practitioners, medical credentialing contributes to patient safety and quality care. Additionally, it streamlines healthcare processes, opens up career opportunities for medical professionals, and facilitates insurance provider enrollment. With its far-reaching impact, medical credentialing is undoubtedly a vital and indispensable aspect of the healthcare ecosystem.
Denial management-integral-to-physicians-conquering-reimbursement-challenges-...Medical Billers and Coders
While payers (whether Medicare, Medicaid or private health insurance companies) are justified in denying claims with inherent errors, it is physicians who are responsible for not pursuing with resubmission and intensified efforts. This is where Denial Management becomes significant.
Medical credentialing, often referred to as healthcare provider credentialing, is a vital process in the healthcare industry. It plays a crucial role in ensuring that healthcare providers are qualified, competent, and meet the necessary standards to deliver safe and effective patient care.
HealthcareSource® Behavioral Assessments: Recruit for Higher Retention in Hea...HealthcareSource
By harnessing behavioral assessment solutions from HealthcareSource that are designed to increase retention and improve patient satisfaction, HR teams can help leaders, managers, and employees reduce costs and improve the patient experience—the ultimate goal for any healthcare organization. In addition, Southwest General Health Center shares their success story with using Staff Assessment to develop high performers.
Looking for reliable medical billing and insurance credentialing services? Look no further! Our team of experts specializes in providing excellent and efficient services to healthcare providers. Trust us with your credentialing needs and focus on what you do best - providing excellent healthcare,..
Automated Medication Compliance Tools for the Provider and PatientHealth Catalyst
When it comes to sustaining patient health outcomes, compliance and adherence to medication regimens are critically important, especially as providers manage patients with complex care needs and multiple medications. But, with provider burnout and staffing shortages at an all-time high, an efficient solution is critical. The use of automated medication management workflows to decrease provider burnout, while improving both medication compliance and patient engagement, is the way forward.
Complete Guide to Choosing the Right Healthcare Nursing Agency.pdfStaffology
As demand for nurses surges, partnering with the right healthcare nursing agency is key for hospitals and medical facilities looking to hire top talent quickly. But not all agencies are created equal. This guide will explore identifying and selecting the best agency for your healthcare staffing needs.
Source: https://staffology.us/choosing-the-right-healthcare-nursing-agency/
By choosing Instapay Healthcare Services, healthcare providers can save time, reduce administrative burdens, and ensure ongoing compliance with changing regulations.
We at Boehringer Ingelheim know that there are many issues affecting health care in the United States. In this presentation Dr. Lee Sacks of Advocate Health takes a look at accountable care organizations (ACOs) and their role in health care reform. Understanding the Implications of Accountable Care Organizations for Patients and Providers, was a web conference given on July 31, 2012 and which we hope will provide offer an understanding of best practices among ACOs and tips for helping constituents adopt and participate in ACOs.
Explore natural remedies for syphilis treatment in Singapore. Discover alternative therapies, herbal remedies, and lifestyle changes that may complement conventional treatments. Learn about holistic approaches to managing syphilis symptoms and supporting overall health.
Flu Vaccine Alert in Bangalore Karnatakaaddon Scans
As flu season approaches, health officials in Bangalore, Karnataka, are urging residents to get their flu vaccinations. The seasonal flu, while common, can lead to severe health complications, particularly for vulnerable populations such as young children, the elderly, and those with underlying health conditions.
Dr. Vidisha Kumari, a leading epidemiologist in Bangalore, emphasizes the importance of getting vaccinated. "The flu vaccine is our best defense against the influenza virus. It not only protects individuals but also helps prevent the spread of the virus in our communities," he says.
This year, the flu season is expected to coincide with a potential increase in other respiratory illnesses. The Karnataka Health Department has launched an awareness campaign highlighting the significance of flu vaccinations. They have set up multiple vaccination centers across Bangalore, making it convenient for residents to receive their shots.
To encourage widespread vaccination, the government is also collaborating with local schools, workplaces, and community centers to facilitate vaccination drives. Special attention is being given to ensuring that the vaccine is accessible to all, including marginalized communities who may have limited access to healthcare.
Residents are reminded that the flu vaccine is safe and effective. Common side effects are mild and may include soreness at the injection site, mild fever, or muscle aches. These side effects are generally short-lived and far less severe than the flu itself.
Healthcare providers are also stressing the importance of continuing COVID-19 precautions. Wearing masks, practicing good hand hygiene, and maintaining social distancing are still crucial, especially in crowded places.
Protect yourself and your loved ones by getting vaccinated. Together, we can help keep Bangalore healthy and safe this flu season. For more information on vaccination centers and schedules, residents can visit the Karnataka Health Department’s official website or follow their social media pages.
Stay informed, stay safe, and get your flu shot today!
Knee anatomy and clinical tests 2024.pdfvimalpl1234
This includes all relevant anatomy and clinical tests compiled from standard textbooks, Campbell,netter etc..It is comprehensive and best suited for orthopaedicians and orthopaedic residents.
Report Back from SGO 2024: What’s the Latest in Cervical Cancer?bkling
Are you curious about what’s new in cervical cancer research or unsure what the findings mean? Join Dr. Emily Ko, a gynecologic oncologist at Penn Medicine, to learn about the latest updates from the Society of Gynecologic Oncology (SGO) 2024 Annual Meeting on Women’s Cancer. Dr. Ko will discuss what the research presented at the conference means for you and answer your questions about the new developments.
New Drug Discovery and Development .....NEHA GUPTA
The "New Drug Discovery and Development" process involves the identification, design, testing, and manufacturing of novel pharmaceutical compounds with the aim of introducing new and improved treatments for various medical conditions. This comprehensive endeavor encompasses various stages, including target identification, preclinical studies, clinical trials, regulatory approval, and post-market surveillance. It involves multidisciplinary collaboration among scientists, researchers, clinicians, regulatory experts, and pharmaceutical companies to bring innovative therapies to market and address unmet medical needs.
TEST BANK for Operations Management, 14th Edition by William J. Stevenson, Ve...kevinkariuki227
TEST BANK for Operations Management, 14th Edition by William J. Stevenson, Verified Chapters 1 - 19, Complete Newest Version.pdf
TEST BANK for Operations Management, 14th Edition by William J. Stevenson, Verified Chapters 1 - 19, Complete Newest Version.pdf
These simplified slides by Dr. Sidra Arshad present an overview of the non-respiratory functions of the respiratory tract.
Learning objectives:
1. Enlist the non-respiratory functions of the respiratory tract
2. Briefly explain how these functions are carried out
3. Discuss the significance of dead space
4. Differentiate between minute ventilation and alveolar ventilation
5. Describe the cough and sneeze reflexes
Study Resources:
1. Chapter 39, Guyton and Hall Textbook of Medical Physiology, 14th edition
2. Chapter 34, Ganong’s Review of Medical Physiology, 26th edition
3. Chapter 17, Human Physiology by Lauralee Sherwood, 9th edition
4. Non-respiratory functions of the lungs https://academic.oup.com/bjaed/article/13/3/98/278874
These lecture slides, by Dr Sidra Arshad, offer a quick overview of physiological basis of a normal electrocardiogram.
Learning objectives:
1. Define an electrocardiogram (ECG) and electrocardiography
2. Describe how dipoles generated by the heart produce the waveforms of the ECG
3. Describe the components of a normal electrocardiogram of a typical bipolar leads (limb II)
4. Differentiate between intervals and segments
5. Enlist some common indications for obtaining an ECG
Study Resources:
1. Chapter 11, Guyton and Hall Textbook of Medical Physiology, 14th edition
2. Chapter 9, Human Physiology - From Cells to Systems, Lauralee Sherwood, 9th edition
3. Chapter 29, Ganong’s Review of Medical Physiology, 26th edition
4. Electrocardiogram, StatPearls - https://www.ncbi.nlm.nih.gov/books/NBK549803/
5. ECG in Medical Practice by ABM Abdullah, 4th edition
6. ECG Basics, http://www.nataliescasebook.com/tag/e-c-g-basics
Tom Selleck Health: A Comprehensive Look at the Iconic Actor’s Wellness Journeygreendigital
Tom Selleck, an enduring figure in Hollywood. has captivated audiences for decades with his rugged charm, iconic moustache. and memorable roles in television and film. From his breakout role as Thomas Magnum in Magnum P.I. to his current portrayal of Frank Reagan in Blue Bloods. Selleck's career has spanned over 50 years. But beyond his professional achievements. fans have often been curious about Tom Selleck Health. especially as he has aged in the public eye.
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Introduction
Many have been interested in Tom Selleck health. not only because of his enduring presence on screen but also because of the challenges. and lifestyle choices he has faced and made over the years. This article delves into the various aspects of Tom Selleck health. exploring his fitness regimen, diet, mental health. and the challenges he has encountered as he ages. We'll look at how he maintains his well-being. the health issues he has faced, and his approach to ageing .
Early Life and Career
Childhood and Athletic Beginnings
Tom Selleck was born on January 29, 1945, in Detroit, Michigan, and grew up in Sherman Oaks, California. From an early age, he was involved in sports, particularly basketball. which played a significant role in his physical development. His athletic pursuits continued into college. where he attended the University of Southern California (USC) on a basketball scholarship. This early involvement in sports laid a strong foundation for his physical health and disciplined lifestyle.
Transition to Acting
Selleck's transition from an athlete to an actor came with its physical demands. His first significant role in "Magnum P.I." required him to perform various stunts and maintain a fit appearance. This role, which he played from 1980 to 1988. necessitated a rigorous fitness routine to meet the show's demands. setting the stage for his long-term commitment to health and wellness.
Fitness Regimen
Workout Routine
Tom Selleck health and fitness regimen has evolved. adapting to his changing roles and age. During his "Magnum, P.I." days. Selleck's workouts were intense and focused on building and maintaining muscle mass. His routine included weightlifting, cardiovascular exercises. and specific training for the stunts he performed on the show.
Selleck adjusted his fitness routine as he aged to suit his body's needs. Today, his workouts focus on maintaining flexibility, strength, and cardiovascular health. He incorporates low-impact exercises such as swimming, walking, and light weightlifting. This balanced approach helps him stay fit without putting undue strain on his joints and muscles.
Importance of Flexibility and Mobility
In recent years, Selleck has emphasized the importance of flexibility and mobility in his fitness regimen. Understanding the natural decline in muscle mass and joint flexibility with age. he includes stretching and yoga in his routine. These practices help prevent injuries, improve posture, and maintain mobilit
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Acute scrotum is a general term referring to an emergency condition affecting the contents or the wall of the scrotum.
There are a number of conditions that present acutely, predominantly with pain and/or swelling
A careful and detailed history and examination, and in some cases, investigations allow differentiation between these diagnoses. A prompt diagnosis is essential as the patient may require urgent surgical intervention
Testicular torsion refers to twisting of the spermatic cord, causing ischaemia of the testicle.
Testicular torsion results from inadequate fixation of the testis to the tunica vaginalis producing ischemia from reduced arterial inflow and venous outflow obstruction.
The prevalence of testicular torsion in adult patients hospitalized with acute scrotal pain is approximately 25 to 50 percent
NVBDCP.pptx Nation vector borne disease control programSapna Thakur
NVBDCP was launched in 2003-2004 . Vector-Borne Disease: Disease that results from an infection transmitted to humans and other animals by blood-feeding arthropods, such as mosquitoes, ticks, and fleas. Examples of vector-borne diseases include Dengue fever, West Nile Virus, Lyme disease, and malaria.
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Externship presentation
1. Magellan Health Services
Pharmacy Technician and
Data Entry/Claims Processor
Externship Program
Kathy Ramirez
Sharon Butler
Kent Nixon
2. Pharmacy Technician and Medical Billing
and Coding Program
Upon graduation students can Upon graduation students can
perform perform
Completion of claim forms
Measuring medications
Medical billing procedure handling
Understanding medication
interactions
Data entry
Verifying prescriptions from doctors Adhering to each insurance carrier's
policies and procedures
Maintaining patient records
Interaction with healthcare
providers
Tracking insurance information
Billing work of insurance companies
Assisting patients and pharmacists
with questions
Magellan Health Services, Inc. | 2
3. Pharmacy Technician and Medical Billing
and Coding Coursework
Sampling of coursework Sampling of coursework
Medical Terminology Anatomy and physiology
Label and Prescription Insurance claim
procedures/Insurance law
Information
International classification of
diseases/ICD
Anatomy/Physiology
Medical terminology
Poison/Drug Emergencies
Various coding workshops
Magellan Health Services, Inc. | 3
4. Why consider an externship?
Establish a pipeline of students graduating from
medical training programs
Medical billing and coding specialists
Pharmacy technicians
Externs can fill an immediate demand
Temporary positions while employee out on leave
Temporary positions during high work flow
Proactive employment vs. re-active employment
Bring in externs ahead of anticipated hiring needs
Hire them full time when externship is completed
Magellan Health Services, Inc. | 4
5. What is an externship?
Externships are experiential learning opportunities, similar
to internships, offered by educational institutions to give
students short practical experiences in their field of study.
Magellan Health Services, Inc. | 5
6. Department Benefits
Externs are trained by experts in their field
One week final training before externship starts
Detailed final classroom training is given before anyone begins their externship
to make sure they are well prepared
No commitments
If they don’t work out, we can replace them no questions asked.
Slow performing, attendance issues, attitude, etc…
Cost effective
Externs are not allowed to be compensated in any way.
Claims externs save basic labor charges of roughly $1,800 per person monthly
Pharmacy Tech externs save basic labor charges of $2,516 per person monthly
Drug screens and background checks still apply
Magellan Health Services, Inc. | 6
7. Benefits continued….
Placement rate
Medical Billing
Degree (A.A.): 17-enrollments, 34-graduates
61% of students were placed: 80% retention rate
Diploma (certificate): 11-enrollments, 6-graduates
17% of students were placed: 89% retention rate
Pharmacy Tech
Degree (A.A.): 20 enrollment: 11 graduates
73% of students were placed: retention rate 74%
Diploma (Certificate): 14 enrollments: 7 graduates
100% of students were placed: retention rate 75%
Cost of direct hiring
The average turn over rate for data entry claims processor’s is 21.9%
The approximate cost of direct hiring per person is $1,000 (excludes training)
Magellan Health Services, Inc. | 7
8. Benefits to externs
Apply classroom knowledge to related jobs
They are able to use previous work experience plus their vocational experience
within a healthcare setting
Learn the company and department in a short period of
time
First hand view of culture, environment, and teamwork
Potential employment
Have the reward of a full time job after the end of the externship
Magellan Health Services, Inc. | 8
9. What’s the hitch?
One site visit by the college
Externship counselor comes to visit the site
Two evaluations to be completed by supervisor
One is completed in week 2
Second one completed in week 4
Employment verification form
Supervisor to fill out when extern is hired
Magellan Health Services, Inc. | 9
10. How do we find these individuals?
e.g. Allied College Locations
Arizona
Phoenix California
Wisconsin Sacramento
Brookfield Florida
Texas Orlando
Irving Minnesota
Missouri St. Louis Park
Kansas City Colorado
Maryland Heights Aurora
Fenton Oregon
Nevada Beaverton
Las Vegas New Jersey
Tennessee Cherry Hill
Memphis Jersey City
Nashville North Brunswick
Pennsylvania Parsippany
Springfield New York
New York
Magellan Health Services, Inc. | 10
11. Conclusion
Value added service
Little commitment for a large return
Application of classroom training
Potential employment of externs
Next steps – form partnerships, review and sign agreements
Questions
Magellan Health Services, Inc. | 11
Editor's Notes
Question: What do you expect the Pharmacy Tech to know when they come to us? Medical terminology? Drug interactions? Able to speak with pharmacists intelligently? Maintain our records? This is exactly what they will know when they come out of this program, plus they are flexible to learn the Magellan way a lot easier than someone who has been in the field for a longer period of time and has to be retrained or taught to break old bad habits. They have the ability to grow with the department if they are newer to the health care experience.
Here is some of the course work listed. There are more subjects covered such as pharmaceutical calculations and measurements but most of what would interest you is on the board.
Average number of externs coming out of the medical billing and coding class and the pharm tech classes are about 5-7 monthly. They are ready to go on a moments notice to fill in while someone is out on leave or during work load peaks. Externs can be brought in when you know someone is leaving (Maternity, surgery, etc.) this gives them time to get through training period and out on the production floor to maintain contractual requirements. Once the extern completes their times (usually 5-6 weeks) they will either become employees or they will leave us and gain employment elsewhere.
First bullet: Externs are put through final quizzing and testing before they are allowed to begin their externship. Second bullet: Think of externs as being similar to temp to hire positions. If a temp doesn’t work out you call the agency and they remove the person from the job and replace them with someone else. This program works the same way except there is no placement fee, no salary to the extern. Third bullet: Example: Medical Billing and Coding If one data entry claims person was hired at $22,000 yearly Their estimated monthly income would be $1,800 times that by how many you hire at one time and you have your total cost of savings. Example: Pharmacy Tech Pharm Tech class of 40 Average hourly salary $14.52 Average yearly salary would be $29.536 Take that divide by 12 you get $2,516 monthly For the hires done in Jan and Feb of 2010 the total average savings in labor would be roughly, $100,672….if externs were used. There have been a few instances where terminations have occurred but we were not able to verify education. Working with externs would take care of that challenge, because every extern we bring will have their high school diploma or GED before walking in the door.
The average cost to hire is roughly $1,000 this would include recruiters time, drug and background, cost of running an ad. This number does not include the cost of the trainers time. There are also extenuating circumstances on the cost factor as well. Depending on the person’s background it can cost more to verify. For example red flags on their criminal check, or social security trace. At times the company may have to have someone verify information in person all of these factors can drive up the cost of the background. Using an extern will save roughly $700 per person with the exception of the background and drug screen cost. As far as continuing education, that is figured into our placement rates. I think one diploma student decided to go back to school to get her degree from Allied. Because this is a career college and the student’s degree is so specific most decide to obtain a job in their chosen field.
Some externs have customer service experience so this experience coupled with the education makes the extern well rounded and able to adapt to our environment quicker than someone who has the customer service experience but no medical or health care experience. They are able to adapt faster and are familiar with terminology. Externs are able to get a bird’s eye view of our company culture, team environments and set up before they except a full time offer of employment. This gives the extern something to look forward to when they finish the required hours.
For a few minutes of commitment you get a large return. The first visit is conducted by the externship counselor. They will visit the extern to make sure they are following all procedures…wearing their badge, showing up on time, etc. The next two evaluations the trainer or immediate supervisor will complete. This tells the counselor how they are doing from the companies stand point and what if any additional counseling is needed. The final verification form is to be filled out and sent to the school as a way of keeping track of who was hired – tracked by the accrediting department.
Allied college is one of many vocational schools we can utilize for externs. Listed above is all the locations where Allied is located. For now we are focusing on St. Louis because of the high volume of Pharm Techs and Data Entry/Claims Processors that are hired. Once we get the ball rolling we can always bring in other vocational schools who offer the same extern programs so we will never be in short supply when your demand for staff is high.
By using externs it’s not only a plus for us and the student but it also makes Magellan the company of choice. Students look into vocational schools not only for their education, but also to see what types of companies participate in externship programs. We can leverage ourselves among students one of the premier companies in St. Louis to work for…..and this is how you can get in.