The formula to calculate the Productivity Percentage is:
\[ \text{Productivity Percentage} = \left( \frac{\text{Billable Hours}}{\text{Total Hours Worked}} \right) \times 100 \]
Where:
Rehab productivity is a measure of how efficiently a rehabilitation professional, such as a physical therapist or occupational therapist, utilizes their working hours. It is expressed as a percentage of the time spent on billable activities (direct patient care) compared to the total time worked. This metric is important for managing resources, ensuring quality patient care, and maintaining financial viability in healthcare settings.
Let's consider an example:
Using the formula to calculate the Productivity Percentage:
\[ \text{Productivity Percentage} = \left( \frac{30}{40} \right) \times 100 = 75\% \]
This means that the productivity percentage for this scenario is 75%.