Where did you get the 13 RN number again? RN makes ~$35/hr right now.
I took the yearly salary of $80k.. but here it is:
$90,000 = 1 month at 3000/day
$3,500 = nursing home equivalent
$80,000 = RN salary (35/hour comes to about $65k/yr)
($90,000 – $3,500)/($80,000/12) = 12.975
I used a higher RN salary to compensate for benis etc. I was not dividing it into shifts (3).. which would bring 4.325 nurses attending to one and only one patient.
Right off, you have a problem with your figures when applied to 1 RN handling 4 patients. You forgot that you have to divide your $35k-$40k/month by 4 because 1 RN serves 4 patients. This comes to $8,750 – $10,000 burdened per month or $292 to $333 per day in nursing costs. This is way below the charged $3000/day for the room.
If you have 13 dedicated nurse per patient, you’re looking at nursing cost of $105k/month.
I had $90,000 but the difference between the $105k and $90k is insignificant compared to how much it is higher than actual nursing costs. You don’t have 13 nurses dedicated to one patient.. you have 1 RN + a few CNA/LVNs dedicated to 4 patients (Scripps example)
