EaseMD ROI Calculator

Supply Reduction

	Volume per day	Cost per unit	Total Per Month
Eliminate chart materials for new patients			$880.00
Eliminate superbills			$264.00
Eliminate fax paper			$88.00
Eliminate encounter forms			$33.00
Reduce printer paper			$13.20
Reduce postage			$257.40
		Savings per month:	$1535.60

Labor Savings

	Nurse	File Clerk	Billing Clerk
Hourly Rate

Pharmacy fill/refill currently			3300
Pharmacy fill/refill with eClinicalWorks			330
Minutes saved per month:			2970
Monthly Nurse salary saved:			$1237.50

Chart pulling currently			5280
Chart pulling eClinicalWorks			198
Minutes saved per month:			5082
Monthly File Clerk salary saved:			$847

Chart filing currently			5280
Chart filing with eClinicalWorks			198
Minutes saved per month:			5082
Monthly File Clerk salary saved:			$847.00

Billing double entry (superbill entry)			2970
Creating claim from progress note with eClinicalWorks			148.5
Minutes saved per month:			2821.5
Monthly Billing Clerk salary saved:			$705.38

Savings per Month:			$3636.88

Physician Time and Opportunity Cost

	Average reimbursement per visit	Average time of patient visit


Pharmacy refill currently			220
Pharmacy refill with eClinicalWorks			55

Waiting for results or chart currently			880
Waiting for results or chart with eClinicalWorks			88

Hours per month saved:			15.95
Additional Income Potential:			$2552.00

TOTAL ADDITIONAL INCOME PER YEAR:			$92693.76

Note: calculations assume 22 workdays per month

Other areas of savings:

Eliminating transcription costs

Improved patient compliance (discharge summary)

Reduced phone calls (responding to phone calls real-time, no call backs)

Improved A/R (immediate claims creation, ZirMed claims filing)