EMR-Link ROI analysis calculator by wanghonghx

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									                                               Clinic ROI Calculator for EMR-Link Lab Orders
                                                                                                                                      Per month   Per year    How to Use This
                    Providers ordering labs       20      Monthly EMR-Link         $12.50                    Cost of                    $250       $3,000
                                                          subscription per                                   EMR-Link subscriptions                           Fill in outlined cells with
                                                          provider
                                                                                                                                                              values for your clinic.
                    Labs ordered per              200     Average hourly wage       $20                      Dollars Saved             $3,907     $46,880     Values in gray or yellow
                    provider per month                    for clinic staff
                                                                                                                                                              cells are calculated
                    Number of labs ordered       4000                                                        Hours Saved                195         2344      automatically. For more
                                                                                                                                                              information, see EMR-Link

                                                                                                                       Minutes per    Hours per   Hours per
                                                                                                                         month         month        year

  Faster, more      % of lab orders that are      100     Number of hand-          4000     Minutes to         1             4000        67         800
   accurate lab     hand-entered into a LIS               entered lab orders                hand enter an
   order entry                                                                              order

    Accurate        % of lab results that         6       Number of chart           240     Minutes to         2             480         8           96
matching of lab     don't match to charts                 matching errors                   correct one
results to charts                                                                           matching error


Correct routing     % of lab results that         10      Number of lab results     400     Minutes to         1             400         7           80
of results to the   don't route to ordering               that don't route to               correct one
    ordering        physician                             ordering physician                routing error
    physician

Auto-completion     % of lab orders               100     Number of lab orders     4000     Minutes to         1             4000        67         800
of EMR lab order    requiring manual                      requiring manual                  manually
     status         completion                            completion                        complete one
                                                                                            lab order

On-the-spot CMS     % of lab orders missing       5       Number of lab orders      200     Minutes to         7             1400        23         280
medical necessity   diagnosis required by                 missing diagnosis                 track down
   validation       CMS (Medicare)                        required by CMS                   the diagnosis
                                                          (Medicare)                        and update
                                                                                            the chart

  Validation of     % of lab orders with          3       Number of lab orders      120     Minutes to         7             840         14         168
    complete        incomplete insurance                  with incomplete                   track down
    insurance       data                                  insurance data                    insurance info
  information                                                                               and call the
                                                                                            lab

   Reduced IT       Number of lab vendors         1       Hours per month to        10                                                   10         120
maintenance of      with unique                           support each interface
 lab interfaces     connectivity solutions
                                           Lab ROI Calculator for EMR-Link Lab Orders                                                 Monthly         Monthly
                  Total lab orders from         2000                                                                                  Savings         Savings       How to Use This
                  Centricity EMR clinics                                                                                            (Hours/month)     (dollars)
                                                                                                                                                                    Spreadsheet
                                                                                                                                                                    Fill in outlined cells with
                  Average hourly wage for        $20                                                                                     110           $3,200
                                                                                                                                                                    values for your lab.
                  lab staff
                                                                                                                                                                    Values in gray or yellow
                  % of lab orders covered by     50        Number of lab orders        1000                                                                         cells are calculated
                  Medicare                                 covered by Medicare                                                                                      automatically. For more
                                                                                                                      Minutes per   Hours per month
                                                                                                                                                                    information, see EMR-
                                                                                                                         month
 Reduced data     % of lab orders that have      100       Number of hand-entered      2000   Minutes to        1        2000             33                        Link ROI White Paper.doc.
    entry         to be hand-entered at                    lab orders                         enter one lab
                  accessioning                                                                order

 Fewer order      % data entry errors             5        Number of data entry        100    Minutes to        10       1000             17
    errors                                                 errors                             correct one
                                                                                              error

   Reduced        % Medicare lab orders           5        Number of Medicare lab      50     Avg cost of       $20                                        $1,000
   Medicare       written off due to missing               orders missing diagnosis           writing off one
   writeoffs      diagnosis                                                                   lab order


   Reduced        % Medicare lab orders          20        Number of Medicare lab      200    Minutes for       12       2400             40
   Medicare       missing diagnosis                        orders requiring callback          one clinic
   callbacks      requiring callback                                                          callback


   Reduced IT     Number of clinics with         10                                           Minutes per       120      1200             20
maintenance of    connectivity                                                                month to
 lab interfaces                                                                               support each
                                                                                              clinic

								
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