Mileage Rate - Multi-Pedia

Mileage Rate

This is the rate at which employees are reimbursed for travel.

I would NOT pay the IRS rate. The key here is again, expectation management. Clinicians need to know the travel reimbursement goes up and down based on gas prices.

I would recommend establishing a FLAT BASE RATE intended to cover insurance, wear & tear on the vehicle, etc. I would then also incorporate a VARIABLE FUEL RATE that can be increased or decreased using a formula that most everyone would understand. To make it simple, make $.25 the flat amount per mile and the remainder based on quarterly fuel prices.

Also, looking at the data obtained in our Quantified Best Practices survey, Hospices that use GPS tracking systems had much better mileage costs than those that didn't.

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