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EMR: Return on Investment

EMR: Return on Investment. ROI = Gain from Investment - Cost of the Investment ------------------------------------------------------------------------ Cost of the Investment. Return on Investment.

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EMR: Return on Investment

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  1. EMR: Return on Investment

  2. ROI = Gain from Investment - Cost of the Investment ------------------------------------------------------------------------ Cost of the Investment Return on Investment

  3. ROI 50% = $75,000 - $50,000 ------------------------------------------- $ 50,000 Return on Investment

  4. Time Savings for Physicians and Staff • Improvements in Coding • Reduction or Elimination of Transcription Costs • Eliminate Paper Charts and Associated Costs • Reduction of other Cost. • Patient Safety & Satisfaction Gains from an EMR

  5. Reduction in documenting the chart - Average Time Savings is 5 mintues. - Done in Real-Time. - Point of Encounter. - No Need for longer appointments Time Savings for Physicians & Staff

  6. Time Savings for Physicians & Staff

  7. Stop Chasing Paper - No more pulling charts days ahead. - No stacks of charts stranded on desk. - No need to re-file charts. Time Savings for Physicians & Staff

  8. Time Savings for Physicians & Staff

  9. Reduced time on Patient intake information. • Reduction in Pharmacy call-backs with • Electronic prescription. More Time Savings for Physicians & Staff

  10. Under coding due to fear of audit. • Under coding due to lack of time to sufficiently document the level of care. • $40,000 - $50,000 annual loss per physician • $9 Increase in Average reimbursement per visit. Improvements in Coding

  11. Improvements in Coding

  12. Real-Time documentation eliminates Transcription costs. • Eliminates the delay in the documentation making it to the chart. • Average Physicians spend $15,000 a year on transcription. Reduce or Eliminate Transcription Costs

  13. Average maintenance cost is $8 per record per year. • Average Maintenance cost is $1-$2 per year for Electronic Record. • 3,000 Active charts per Physician. • Reduction in Real-Estate expense. Eliminate Paper Charts and Costs

  14. Eliminate Paper Charts and Costs

  15. Eliminate Charge Entry with Automatic Charge Capture. • Automate the process of generating and receiving referrals. • Malpractice Insurance carriers frequently give discounts to user of an EMR system. Reduction of Other Costs

  16. Eliminate adverse drug-to-drug and drug to allergy events • Prescribe medications on the patient’s approved formulary list the first time. • Have prescriptions waiting for patients at the pharmacy. • Patient control with Web Portal and personal health record. Patient Saftey and Satisfaction

  17. ROI from Electronic Medical Records

  18. ROI from Electronic Medical Records

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