The formula to calculate the Therapy Productivity is:
\[ P = \left( \frac{MP}{MC} \right) \times 100 \]
Where:
Therapy productivity is defined as the ratio or percentage of time a therapist spends with patients compared to the total time the therapist was clocked in for. This metric helps in assessing the efficiency and effectiveness of therapists in utilizing their working hours for patient care.
Let's assume the following values:
Using the formula to calculate the Therapy Productivity:
\[ P = \left( \frac{300}{480} \right) \times 100 \approx 62.50 \% \]
The Therapy Productivity is approximately 62.50%.