FTE is an acronym for Full Time Equivalent. It is a measure of how many people work in a particular company, hospital, or department. People speak of staffing by saying, “We have 5 FTEs,” meaning there is the equivalent of 5 full time employees. This can be any mix that of full or part-time employees which equals 5. FTEs are often measured in fractional people. For example, you may have 2.5 people dedicated to scheduled maintenance. • In-house service is the most cost effective of all. In-house medical equipment service can be a low as 4% of the equipment purchase price.