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Calculating the Return on Investment of Mobile Healthcare

Calculating the Return on Investment of Mobile Healthcare. The R.O.I. Algorithm. Basic Algorithm*. E.R. Cost Avoided + Value of Quality Life Years Saved. Cost of Mobile Health Clinic. R.O.I. ($1,719,295 + $18,219,022) / $565,700 = $35.

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Calculating the Return on Investment of Mobile Healthcare

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  1. Calculating the Return on Investment of Mobile Healthcare The R.O.I. Algorithm

  2. Basic Algorithm* E.R. Cost Avoided + Value of Quality Life Years Saved Cost of Mobile Health Clinic R.O.I. ($1,719,295 + $18,219,022) / $565,700 = $35 * All data based on 2008 Family Van Data and values as calculated in accompanying Algorithm worksheet

  3. E.R. Cost Avoided cost of preventable E.R. visit (A) minus cost per visit of mobile health clinic (B) number of mobile health visits that prevent an E.R. visit (E) E.R. cost avoided (F) (A - B) * E = F (923 - 117) * 2,133 = $1,719,295

  4. Calculating Avoidable E.R. Visits number of mobile health visits that prevent an E.R. visit (E) Percentage of visits expected to otherwise have resulted in an E.R. visit * Total Visits 4,848 * 44% = 2,133 * Cunningham, Peter J.: HealthAffairs25(2006): w324–w336; 10.1377/hlthaff.25 .w324

  5. Value of Quality Life Years Saved Relative Value of Quality Adjusted Life Years Saved Value of a Statistical Life Year (VSLY) Number of Quality Adjusted Life Years saved (QALYs) 260 * $70,000 = $18,219,022

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