Medinformatix
EMR brings added efficiency to healthcare
organizations and helps lower costs in several
different areas.
Enter your own data in the entry boxes below
to estimate what your own practice's ROI
might be if you utilized EMR.
Boxes with
are calculated automatically, but you can
also change any of the data fields manually.
After you enter the data, a report will
be generated on the next page.
Chart
Costs
Average
number of physicians
Average
number of patients per physician per
day
Average
number of patient visits per day
Average
number of chart pulls for visiting
patients
Average
number of chart pulls for non-visiting
patients (Industry average is 60%
of the daily chart pulls) source
Chart
pulls for non-visiting patients
include medication refills,
lab results, phone consultations,
and correspondence.
Source:
Bingham, A., “Computerized
Patient Records Benefit
Physician Offices, Healthcare
Financial Management, September
1, 1997
Total
chart pulls per day
Cost
to pull and re-file chart ($5.00 per
chart)source
Source:
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.
$
Transcription
Average
number of internal employees working
on transcription
Average
percentage of employee time devoted
to transcription
Enter
the percentage of a 40-hour
work week that transcription-related
employees spend on transcription.
If there is more than one
employee, use an average.
%
Enter
one of the following:
or
Annual
full-time cost per employee
(wages, benefits, etc.)
Average
hourly cost per employee
(wages, benefits, etc.)
Internal
employee transcription costs per month
$
Outside
transcription cost per month total
(all physicians)
$
Estimated
Reduction in Transcription Costs
(20%-100%)source
Source:
American Journal of Medicine
April, 2003 estimates 20%-100%
depending on physicians
using point of care.
Source:
Erstad, T., “Analyzing Computer-based
Patient Records: A Review
of Literature, Journal of
Healthcare Information Management,
vol. 17, no. 4. 2003.
Enter
one of the following:
$
or
Annual
full-time cost per employee responsible
for refills (wages, benefits, etc.)
Average
hourly cost per employee responsible
for refills (wages, benefits, etc.)
Time
spent per refill with automation (3
minutes)source
Source:
Erstad, T., “Analyzing Computer-based
Patient Records: A Review
of Literature, Journal of
Healthcare Information Management,
vol. 17, no. 4. 2003.
Coding
Average
number of patient visits per day
Percentage
of patient visits that could be coded
at a higher level with increased documentation
(Industry average 3-15%)source
Estimate
the percentage of visits
that may be “down coded”
due to the additional documentation
burden and/or fear of an
audit. EMR allows for more
accurate coding, with the
ability to automate full
supporting documentation,
and built in coding assistants
based on “E and M” guidelines.
Source:
Erstad, T., “Analyzing Computer-based
Patient Records: A Review
of Literature, Journal of
Healthcare Information Management,
vol. 17, no. 4. 2003. (3-15%
is the industry average
for down coding.)
%
Average
increase for affected visits
(conservative at $21.00)source
Average
increase for 99202 to 99203
= $21.28
99203 to 99204 = $34.71
$
Medical
Record Space
Size
of Medical Record Storage Space (square
feet)
ft
Cost
per square feet of office space per
month
$
Charge
Capture and Billing
Average
charge per visit
$
Improvement
in Billing Capture (Range 1.5%-5%)source
Source:
Wang, A., Middleton, B.,
et al. “A Cost-Benefit Analyss
of Electronic Medical Records
in Primary Care,” The American
Journal of Medicine, April
1, 2003.
