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DoctorsPartner EMR and PM - Electronic Medical Records - Practice Management
DoctorsPartner Electronic Medical Records - Practice Management - Fast Solutions
Solutions & Services
Technology Updates
DoctorsPartner announces the release of version 5! Please call for a list of new features & additional training
DoctorsPartner EMR and PM - Electronic Medical Records - Practice Management
DoctorsPartner Electronic Medical Records - Practice Management - Fast Solutions
Client News
MyMedWall Is ‘Medical Facebook’
A West Melbourne-based healthcare provider has launched an innovative and exciting new medical social-networking site called MyMedWall for ...
By Keith Malone
HEALTHCARE IT -
DoctorsPartner ‘The Right Fit’ For Busy Medical Practice
- Dr. Rahim
HEALTHCARE IT -
DoctorsPartner Makes Pediatric Wizards More Efficient
- Dr. Helft
Charleston County Detention Center goes live with DoctorsPartner Correctional EMR!
Foothills Bariatric goes live with DoctorsPartner EMR/PM!
Centre Footcare goes live with DoctorsPartner EMR.
DoctorsPartner EMR and PM - Electronic Medical Records - Practice Management
DoctorsPartner Electronic Medical Records - Practice Management - Fast Solutions
How quickly can you earn a Return on Investment on DoctorsPartner EMR/PM?
There are several components to calculating the return on investment (ROI) on the software. There is both a revenue side, allowing you to capture charges accurately, code correctly and reducing rejections, as well as the expense side with numerous cost cutting opportunities. In addition to firm numbers there are many intangibles that result in net savings also. Based on a very modest 2%-5% reduction in direct costs and improvement in efficiency, DoctorsPartner has an annual ROI of less than 1.5 months! Please review the table below for detailed projections.
| Sample Case | Prior to Implementation | After Implementation | Savings/Net Increase |
| Internal Medicine Practice 1 Doctor, 3 staff members, 20 patient visits per day. | |||
| Revenues | |||
| --Annual Billing | $250,000 | $255,000* | |
| --Annual Collections(77% of billing) | $192,500 | $201,450* | $8,950 |
| Expenses | |||
| --Physician Salary | $120,000 | $120,000 | |
| --Physician Benefits | $12,000 | $12,000 | |
| --Employee Compensation | $72,800 | $69,160* | $3,640 |
| --Employee Benefits | $7,280 | $6,916 | $364 |
| Transcription Expenses | $4,800 | $2,400 | $2,400 |
| Appointment Confirmation (time saving using Call & Confirm Software) | $4,000 | $0 | $4,000 |
| Sushoo Health Information Exchange (Time Savings in Faxing Charts and Phone calls for referals, orders etc) (Click for Details) | $17,424 | $0 | $17,424 |
| Office Supplies (Folders,Paper etc) | $2,100 | $1,000 | $1,100 |
| Annual Savings/ Additional Income | $37,878 | ||
| Based on these very conservative estimates, it is obvious that the annual cost of DoctorsPartner can be recovered in less than 1.5 months! Of course, greater savings or revenue enhancements will actually shorten the ROI cycle allowing you to recoup your investment even faster! | |||
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* Assuming a very modest 2% increase in efficiency Employees - --Front Desk @ 9.00 per hour --LPN @ 11.00 per hour --Billing @ 15.00 per hour Total Compensation $72,800 |
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| +Time savings in chart pulling, reduced rejection rates, prescription confirmation etc. estimated at 5% - reducing Overtime and excess hours worked. | |||
