Paper
Medical Records vs. Electronic Medical
Records:
The
present paper medical chart system is
not an optimum method to keep the vital
medical information or data then the
solution must be some sort of paper-less
technology. Economic
benefits can be realized by converting
a paper-based medical office to a fully
integrated, paperless record system such
as “Electronic
Medical record”
How much is your time worth?
What if you could save an hour or two per day? If you currently dictate or
scribble patient notes, you are wasting a valuable resource – Time,
can generate real cost savings as well as enhanced revenue and could help
or see additional patient per day.
Time and Money Saving ROI steps:
#1. Practice Statistics –Staff:
|
|
|
Before Visit
|
After Visit
|
|
Average time takes by a staff to prepare visit document (paper)
|
|
10 minutes
|
10 minutes
|
|
Average time saved in documenting a visit (EMR)
|
|
5 minutes
|
5 minutes
|
|
Average physician apt. per
day
|
|
25
|
25
|
|
Total minutes saved per day
|
(25 visits x 5 minutes)
|
125 (2 hrs)
|
125 (2 hrs)
|
|
Total days worked in 12 month
|
(5 days/wk x 48 wks)
|
240
|
240
|
|
Total hours saved per year
|
(240 days x 2 hours)
|
480
|
480
|
|
Total weeks of work saved per year
|
(480 hrs / 40 hrs/wk)
|
12 weeks
|
12 weeks
|
|
Total
|
960 hrs(24 weeks)
|
|
|
#2. ROI from Staff Cost:
|
Document
Charting Staff
|
Rate
|
$15/hr(min)
|
|
Total
weeks of worked saved per year
|
960 hrs
|
$14400.00
|
|
|
|
|
|
Total
ROI per staff per year
|
|
$14,400.00
|
#3. Practice Statistics –Doctor:
|
Average time takes by a doctor to prepare visit document (paper)
|
|
5 minutes
|
|
Average time saved in documenting a visit (EMR)
|
|
2 minutes
|
|
Average physician appointments per day
|
|
25
|
|
Total minutes saved per day
|
(25 visits x 2.5 minutes)
|
62.5 min
(1 hours)
|
|
Total days worked in 12 month period
|
(5 days/wk x 48 wks)
|
240
|
|
Total hours saved per year
|
(240 days x 1 hours)
|
280
|
|
Total weeks of work saved per year
|
(280 hrs / 40 hrs/wk)
|
7 weeks
|
#4. ROI from doctor Cost:
|
Doctor
|
Rate
|
$60/hr
|
|
Total
weeks of worked saved per year
|
280 hrs
|
$16800.00
|
|
|
|
|
|
Total
ROI per doctor per year
|
|
$16,800.00
|
#5. ROI from Transcription and Dictation:
|
Savings
on eliminated transcription
|
(Est. $12,000 )
|
$12,000
|
|
OR
Savings on reduced dictation
|
(50% x $12,000 )
|
$6,000
|
|
Total
ROI per doctor per year
|
|
$6,000
|
#6. ROI from Electronic Medical Records:
|
Estimated
maintenance of paper charts
|
($8/chart/year)
|
$8
|
|
Estimated
maintenance of an electronic chart
|
($1-2/chart/year)
|
$2
|
|
Annual
savings per chart
|
($8 - $2)
|
$6
|
|
Assumed
active charts per physician
|
|
4,000
|
|
Total
ROI per doctor per year
|
(4,000 charts x $6)
|
$24,000
|
#7. ROI from EMR4Clinic:
|
ROI from Staff Cost
|
$14,400
|
|
ROI
Per Doctor Per Year
|
$16,800
|
|
ROI from Electronic Medical Records
|
$24,000
|
|
ROI from Transcription and Dictation
|
$06,000
|
|
Total ROI per Year
|
$61,200 |
#8. Cost:
|
|
Expense
|
|
First Year HW Costs
|
-$20,000
|
|
First Year EMR SW Costs
|
-$20,000
|
|
Annual Network, HW and Software Maintenance
|
-$10,000
|
|
Annual Training for New Updates and New Staff
|
-$5,000
|
|
Annual Hardware Depreciation
(Accelerated Over 3 Years)
|
-$4,500
|
#9. Final Saving Numbers:
|
|
|
Saving
|
|
Best Case ROI per Doctor Year 1
|
$61,200 - $40,000
|
$21,200
|
|
Best Case ROI per Doctor Years 2+
|
$61,200 - $19,500
|
$41,700
|
|
Typical ROI Expected Years 2+
|
50% of $61,200
|
$30,600
|
Why EMR from 4eGuru Inc.
“EMR4Clinic” software suite is a
fully integrated & robust solution
from non-clinical side (Front-desk & Ins.
Claim) to clinical side (exam-room & procedure-room) for
medical offices.
On the top of that this is a web-based application, which
runs on all computer platforms – window-XP/VISTA/server,
Linux, Mac-OS and all Internet web browsers – IE/
Firefox- Mozilla/ safari and all devices
such as Desktop, Laptop, TabletPC, iPhone
and other PDA devices.
“EMR4Clinic” Medical software product improves office work
efficiency, lowered office cost, made
patient record storage & retrieve
flow easier with less error, which makes
the entire office paperless. For details
please visit http://www.emr4clinic.com |
Practice Management System
Dr.
Keshav Naraian, MD, US