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Multi-Pedia

ADC Average Length of Stay Benefits Percent Caseload Expectations Computed Caseloads Crisis Care Percent Served Days Cash on Hand Days in AP Days in AR Debt to Equity Development to Return Ratio Development Signature Programs Direct Labor % of All Labor Direct Labor NPR Direct Labor PD Direct Patient Related Expenses NPR Direct Patient Related Expenses PD Facility Mix Percentage Facility Related Facility Team Patient Days Percent Indirect Labor Marketing Incentive Median Length of Stay Mileage Rate Net Operational Income Net Revenue PD Operational Costs Organizational Net Income % of Hospice Homecare Net Revenue Revenue to Payroll Dollar Segment Indirect Percent Net Revenue Segment Net Income The Role of Financial Reserves Total Indirect Volunteer Level of Activity What is Net Patient Revenue What is The Model

Mileage Rate

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.