Hospice Wage Index Calculator

Calculate Hospice Wage Index (HWI)





Formula

The formula to calculate the Hospice Wage Index (HWI) is:

\[ \text{HWI} = (\text{L} \times \text{WI}) + \text{NL} \]

Where:

Definition

Example

Let's say the hospice labor portion of the payment rate (L) is $200, the wage index for the geographic area (WI) is 1.5, and the hospice non-labor portion of the payment rate (NL) is $100. Using the formula:

\[ \text{HWI} = (200 \times 1.5) + 100 = 400 \, \text{\$} \]

So, the hospice wage index is $400.

"Hospice-Wage-Index-Calculator"

Calculate Average Daily Census for Hospice

Definition: The average daily census (ADC) is the average number of patients a hospice cares for each day over a given period.

Formula: \( \text{ADC} = \frac{\text{Total Patient Days}}{\text{Number of Days}} \)

Example: \( \text{ADC} = \frac{1500}{30} \)