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Externship presentation
1. Magellan Health Services
Pharmacy Technician and
Data Entry/Claims Processor
Externship Program
Kathy Ramirez
Sharon Butler
Kent Nixon
2. Pharmacy Technician and Medical Billing
and Coding Program
Upon graduation students can Upon graduation students can
perform perform
Completion of claim forms
Measuring medications
Medical billing procedure handling
Understanding medication
interactions
Data entry
Verifying prescriptions from doctors Adhering to each insurance carrier's
policies and procedures
Maintaining patient records
Interaction with healthcare
providers
Tracking insurance information
Billing work of insurance companies
Assisting patients and pharmacists
with questions
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3. Pharmacy Technician and Medical Billing
and Coding Coursework
Sampling of coursework Sampling of coursework
Medical Terminology Anatomy and physiology
Label and Prescription Insurance claim
procedures/Insurance law
Information
International classification of
diseases/ICD
Anatomy/Physiology
Medical terminology
Poison/Drug Emergencies
Various coding workshops
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4. Why consider an externship?
Establish a pipeline of students graduating from
medical training programs
Medical billing and coding specialists
Pharmacy technicians
Externs can fill an immediate demand
Temporary positions while employee out on leave
Temporary positions during high work flow
Proactive employment vs. re-active employment
Bring in externs ahead of anticipated hiring needs
Hire them full time when externship is completed
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5. What is an externship?
Externships are experiential learning opportunities, similar
to internships, offered by educational institutions to give
students short practical experiences in their field of study.
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6. Department Benefits
Externs are trained by experts in their field
One week final training before externship starts
Detailed final classroom training is given before anyone begins their externship
to make sure they are well prepared
No commitments
If they don’t work out, we can replace them no questions asked.
Slow performing, attendance issues, attitude, etc…
Cost effective
Externs are not allowed to be compensated in any way.
Claims externs save basic labor charges of roughly $1,800 per person monthly
Pharmacy Tech externs save basic labor charges of $2,516 per person monthly
Drug screens and background checks still apply
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7. Benefits continued….
Placement rate
Medical Billing
Degree (A.A.): 17-enrollments, 34-graduates
61% of students were placed: 80% retention rate
Diploma (certificate): 11-enrollments, 6-graduates
17% of students were placed: 89% retention rate
Pharmacy Tech
Degree (A.A.): 20 enrollment: 11 graduates
73% of students were placed: retention rate 74%
Diploma (Certificate): 14 enrollments: 7 graduates
100% of students were placed: retention rate 75%
Cost of direct hiring
The average turn over rate for data entry claims processor’s is 21.9%
The approximate cost of direct hiring per person is $1,000 (excludes training)
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8. Benefits to externs
Apply classroom knowledge to related jobs
They are able to use previous work experience plus their vocational experience
within a healthcare setting
Learn the company and department in a short period of
time
First hand view of culture, environment, and teamwork
Potential employment
Have the reward of a full time job after the end of the externship
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9. What’s the hitch?
One site visit by the college
Externship counselor comes to visit the site
Two evaluations to be completed by supervisor
One is completed in week 2
Second one completed in week 4
Employment verification form
Supervisor to fill out when extern is hired
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10. How do we find these individuals?
e.g. Allied College Locations
Arizona
Phoenix California
Wisconsin Sacramento
Brookfield Florida
Texas Orlando
Irving Minnesota
Missouri St. Louis Park
Kansas City Colorado
Maryland Heights Aurora
Fenton Oregon
Nevada Beaverton
Las Vegas New Jersey
Tennessee Cherry Hill
Memphis Jersey City
Nashville North Brunswick
Pennsylvania Parsippany
Springfield New York
New York
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11. Conclusion
Value added service
Little commitment for a large return
Application of classroom training
Potential employment of externs
Next steps – form partnerships, review and sign agreements
Questions
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Notas del editor
Question: What do you expect the Pharmacy Tech to know when they come to us? Medical terminology? Drug interactions? Able to speak with pharmacists intelligently? Maintain our records? This is exactly what they will know when they come out of this program, plus they are flexible to learn the Magellan way a lot easier than someone who has been in the field for a longer period of time and has to be retrained or taught to break old bad habits. They have the ability to grow with the department if they are newer to the health care experience.
Here is some of the course work listed. There are more subjects covered such as pharmaceutical calculations and measurements but most of what would interest you is on the board.
Average number of externs coming out of the medical billing and coding class and the pharm tech classes are about 5-7 monthly. They are ready to go on a moments notice to fill in while someone is out on leave or during work load peaks. Externs can be brought in when you know someone is leaving (Maternity, surgery, etc.) this gives them time to get through training period and out on the production floor to maintain contractual requirements. Once the extern completes their times (usually 5-6 weeks) they will either become employees or they will leave us and gain employment elsewhere.
First bullet: Externs are put through final quizzing and testing before they are allowed to begin their externship. Second bullet: Think of externs as being similar to temp to hire positions. If a temp doesn’t work out you call the agency and they remove the person from the job and replace them with someone else. This program works the same way except there is no placement fee, no salary to the extern. Third bullet: Example: Medical Billing and Coding If one data entry claims person was hired at $22,000 yearly Their estimated monthly income would be $1,800 times that by how many you hire at one time and you have your total cost of savings. Example: Pharmacy Tech Pharm Tech class of 40 Average hourly salary $14.52 Average yearly salary would be $29.536 Take that divide by 12 you get $2,516 monthly For the hires done in Jan and Feb of 2010 the total average savings in labor would be roughly, $100,672….if externs were used. There have been a few instances where terminations have occurred but we were not able to verify education. Working with externs would take care of that challenge, because every extern we bring will have their high school diploma or GED before walking in the door.
The average cost to hire is roughly $1,000 this would include recruiters time, drug and background, cost of running an ad. This number does not include the cost of the trainers time. There are also extenuating circumstances on the cost factor as well. Depending on the person’s background it can cost more to verify. For example red flags on their criminal check, or social security trace. At times the company may have to have someone verify information in person all of these factors can drive up the cost of the background. Using an extern will save roughly $700 per person with the exception of the background and drug screen cost. As far as continuing education, that is figured into our placement rates. I think one diploma student decided to go back to school to get her degree from Allied. Because this is a career college and the student’s degree is so specific most decide to obtain a job in their chosen field.
Some externs have customer service experience so this experience coupled with the education makes the extern well rounded and able to adapt to our environment quicker than someone who has the customer service experience but no medical or health care experience. They are able to adapt faster and are familiar with terminology. Externs are able to get a bird’s eye view of our company culture, team environments and set up before they except a full time offer of employment. This gives the extern something to look forward to when they finish the required hours.
For a few minutes of commitment you get a large return. The first visit is conducted by the externship counselor. They will visit the extern to make sure they are following all procedures…wearing their badge, showing up on time, etc. The next two evaluations the trainer or immediate supervisor will complete. This tells the counselor how they are doing from the companies stand point and what if any additional counseling is needed. The final verification form is to be filled out and sent to the school as a way of keeping track of who was hired – tracked by the accrediting department.
Allied college is one of many vocational schools we can utilize for externs. Listed above is all the locations where Allied is located. For now we are focusing on St. Louis because of the high volume of Pharm Techs and Data Entry/Claims Processors that are hired. Once we get the ball rolling we can always bring in other vocational schools who offer the same extern programs so we will never be in short supply when your demand for staff is high.
By using externs it’s not only a plus for us and the student but it also makes Magellan the company of choice. Students look into vocational schools not only for their education, but also to see what types of companies participate in externship programs. We can leverage ourselves among students one of the premier companies in St. Louis to work for…..and this is how you can get in.