OmniMD Electronic Medical Records Software, PMS, Medical Transcription, Medical Billing, EMR Software, Medical Document Management for Clinical Practices in United States

OmniMD Home > ROI Calculator

Return On Investment Calculator

ROI Calculator | Methodology to calculate ROI


PRACTICE NAME:		Average Charge Per Visit:	$
Number of Patients Seen Daily:		New Patients Per Provider Per Day:
Number of Providers:		Working Days/ Month:
Administrative Full Time Employee (FTE) average salary with benefits:	$	Monthly Dictation Cost: (If Applicable)	$

* - Required Field
CHART COSTS
Number of patients seen daily:
Average costs for charts to pull:*	$	Wang, A., Middleton, B., et. Al. "A Cost-Benefit Analysis of Electronic Medical Records in Primary Care," The American Journal of Medicine, April 1, 2003 -According to Health Tech Review, paper charts cost between $5 and $15 to pull. This includes all costs of materials, labor and storage.
Monthly expenditures per patient chart:
INCREASED PATIENT VOLUME
Number of providers:
New patients per provider per day:		On average, doctors spend 40% of their time on non-clinical activities. With EMR, you can spend less time document and more time seeing patients and increase patient volume.
Total number of new patients per month:
Total new revenue generated per month		Assuming your average fee per new patient.
MAXIMIZED E&M CODING
Number of patients seen daily:
50% of patients seen daily		Medical Economics Magazine has estimated a loss of 9% per visit loss for physicians down coding one E&M level at least for 50% patients seen daily.
Seen at $9 per visit loss due to down coding per month
MONTHLY DICTATION COSTS
Monthly dictation costs (If applicable)		You can reduce your current dictation costs by using OmniMD EMR system.
IMPROVED BILLING
Improved billing per month		Electronic Charge Capture improves billing by up to 5 %.
IMPROVED PATIENT CARE
Total new revenue generated per month		Proactive health maintenance alerts based on age, gender, diagnosis, medication, health conditions etc can lead to increase of 2% of patient care visits as per industry average.
INCREASED EFFICIENCY
Reduction in annual costs		Mildon, J., and Cohen, T. "Drivers in the Electronics Medical Records Market." Health Management Technology, May 2001, 22:14-6, 18. F45 - 2.2 FTE can be used more efficiently as per industry average / Administrative FTE industry average salary is $25,900.
ANNUAL RETURN ON INVESTMENT NT

Contact Information

Hitender Soni (Director of Business Development)

303, S. Broadway, Suite 101, Tarrytown, NY 10591
Phone:914-332-5590 ext 307 Fax: 914-332-5766 Email: hsoni@OmniMD.com Web: www.omnimd.com

ROI Calculator | Methodology to calculate ROI

Appointment Scheduler

Prescription Writer

Charge Capture

Medical Transcription

Lab Order Integration

Eligibility Verification

Learn why physicians all over the world use and recommend OmniMD^™.
	Products Overview
	View Online Demo

more

OmniMD^™ EMR (Electronic Medical Records) and OmniMD^™ PMS (Practice Management System).
Copyright © 2000- .OmniMD^™. All Rights Reserved. OmniMD^™ is a trademark of ISM, Inc. | Resources | EMR Software | Electronic Medical Record | EMR Experts

Return On Investment Calculator

Products Overview

View Online Demo