Question $110$ Points Your organization is considering outsourcing all of its coding services. Currently, coding staff use the $3$M encoder and a computer assisted coding program. The first step is to issue a request for proposal $($RFP$).$ Based on the above, evaluate the following results from your request for information and decide which three vendors to contact for a request for proposal. I would first issue a request for outsourcing all the coding services which currently the coding employees uses the $3$M encoder and computer assisted program. I would choose vendors $1,4$ and $5.$ Question $210$ Points Now determine eight items that should be included in the request for proposal that will be distributed. $($Additional information can be found in textbook on page $403).$ I would include the following eight items: pricing, instructions for vendors, Criteria report to be evaluated, vendor proposals, facilities size, departmental objectives, and vendor qualifications. Question $310$ Points Assume that you want to go with Vendor $1$ after the RFPs are evaluated. Now you must perform a cost$-$benefit analysis to see if it is feasible to entirely outsource. Their pricing structure is $$5$ per inpatient chart, $$3$ per outpatient chart, $$1\mathrm{.}75$ for each ER$,$ and $$1$ per ancillary account. Base your calculations on the average daily accounts for each patient type listed below. Put the cost per year as answer. YOU MUST COMPLETE THIS USING EXCEL WITH FORMULAS. Inpatient $70$ Outpatient $75$ Emergency Room $185$ Ancillary $360$ Question $410$ Points Now calculate your coding budget for next year. All full$-$time staff will be getting a $2\mathrm{.}5\%$ raise; part$-$time staff will be getting $1\%.$ In addition, you must also account for the fringe benefit costs associated with the coding staff which are $32\%$ of their salary. Coder Current rate This year$$s salary Raise Next year$$s salary Inpatient Coder $1$ FTE $24\mathrm{.}00$ per hr$.$ Inpatient Coder $2$ FTE $22\mathrm{.}50$ per hr$.$ Inpatient Coder $3$ FTE $21\mathrm{.}85$ per hr$.$ Outpatient Coder $1$ FTE $19\mathrm{.}75$ per hr$.$ Outpatient Coder $2$ FTE $19\mathrm{.}75$ per hr$.$ ER Coder $1$ FTE $18\mathrm{.}25$ per hr$.$ ER Coder $2$ PT $18\mathrm{.}25$ per hr$.$ Ancillary Coder $1$ FTE $17\mathrm{.}50$ per hr$.$ Ancillary Coder $2$ PT $17\mathrm{.}50$ per hr$.$ Question $52\mathrm{.}5$ Points Is it cost effective to consider outsourcing coding based on the results from the previous question? Question $62\mathrm{.}5$ Points Based on the case study what would the outcome be if you considered Vendor $5$ at $$30\mathrm{.}00$ per hour?