| SECTION I-HOSPITAL ED VOLUME |
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| ANNUAL PT VISITS |
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ENTER # |
25,000 |
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| MONTHLY
ED VISITS |
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2,083 |
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| MEDICAID VISITS # |
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ENTER # |
0 |
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| % MEDICAID |
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0.00% |
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| MEDICARE VISITS # |
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ENTER # |
0 |
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| %MEDICARE VISITS |
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0 |
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| INSURANCE VISITS # |
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ENTER # |
0 |
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| %INSURANCE VISITS |
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0 |
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| CASH PAY VISITS# |
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ENTER # |
0 |
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| %CASH PAY VISITS |
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0 |
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| TOTAL BILLINGS/MONTH |
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ENTER # |
$ - |
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| TOTAL REVENUE/MONTH |
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ENTER # |
$ - |
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| PER PT/CHART CHARGE |
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$
- |
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| TOTAL % COLLECTIONS |
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#DIV/0! |
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| SECTION II-HARDWARE COSTS |
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| ESTIMATED |
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| REQUIRED
NUMBER OF WORKSTATIONS |
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ENTER # |
3.00 |
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| COST PER WORKSTATION |
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$ 2,179.00 |
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| PENTIUM III, 500mHz |
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| TOTAL
WORKSTATION COSTS |
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$ 6,537.00 |
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| COST OF SERVER |
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$ 4,108.70 |
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| INTEL PENTIUM II,RAID 5 |
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| BTRIEVE
SITE LICENSE 5 USER LIC. |
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$ 600.00 |
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| DRAGON
PROFESSIONAL SUITE W/MEDICAL |
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ENTER # |
0.00 |
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| $1,000/WORKSTATION |
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$
- |
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| PROTOCOL
CONVERTER |
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$ 369.00 |
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| LASER PRINTER |
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$ 1,090.95 |
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| HP4000 |
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| PCANYWHERE |
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$ 139.00 |
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| MICROPHONE/HEADSETS |
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$ 200.00 |
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| MISC COSTS |
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$ - |
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| TOTAL HARDWARE COSTS |
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$13,044.65 |
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| Network
Implimentation |
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| includes
initial training |
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$3,000.00 |
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| Additional
Onsite Training |
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ENTER # |
0.00 |
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| @
$1000/day |
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$0.00 |
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| TOTAL
START UP COSTS |
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$16,044.65 |
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| SECTION III-LOST REVENUE POTENTIALS |
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| MISC. LOST REVENUE FROM HAND MANAGED RECORDS |
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| MED.
REC. TRANSPORT TO BILLING |
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DAILY $ |
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YEARLY COST |
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UPS |
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$ 10.00 |
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$ 3,650.00 |
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| ASSUMPTIONS |
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| I-NURSING COSTS $20/HR=$0.33/MINUTE |
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| II-PHYSICIAN
COST $80/HR RELATED TO INDIVIDUAL INCOME=$1.33/MINUTE |
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| III-PHYSICIAN TIME VALUE TO HOSPITAL REVENUE GENERATION |
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Assume average of $300/Patient in Hospital Charges generated |
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| Assume average of 3 Patients/hour |
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| Revenue generation = $15/minute |
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$ 15.00 |
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| AVERAGE
PATIENTS/HR AT SITE |
|
3.00 |
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| AVERAGE
PHYSICIAN PER PATIENT CHARGE |
|
150.00 |
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| AVERAGE
HOSPITAL CHARGE PER PATIENT |
|
300.00 |
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ASSUMPTION |
YEARLY COST |
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TIME COST/LOSS |
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| PT
DISCHARGE INSTRUCTIONS-R.N. |
3 MIN. WRITING |
$
24,750.00 |
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| PATIENTS
PER YEAR AT SITE |
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0.00 |
ENTER # |
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| PHYSICIAN
TRANSCRIPTION |
$5/CHART |
$ 5.00 |
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| Total
Transcription Cost |
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$ - |
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| PROPOSED NEW DOCUMENTATION COST |
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$ - |
ENTER # |
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| Total
Cost for proposed documentation method |
$ - |
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| Potential
Real savings from transcription |
$ - |
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| Assume
each item occurs once per hour in the course of a 24 hour shift and is
considered time that could be eliminated with new
method. |
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| PHYSICIAN
PHONE CALL TIME |
1 min per call/hr |
$ 131,400.00 |
PER YEAR |
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| RN PHONE TIME |
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30 sec per call/hr |
$
1,401.60 |
PER YEAR |
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| RECORDS RETRIEVAL BY R.N. |
3min/hr for 1 pt |
$
26,017.20 |
PER YEAR |
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| NURSING
DOCUMENTATION |
COST 3 MIN/HR |
$
26,017.20 |
PER YEAR |
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| PRESCRIPTION
WRITING |
15 SECS/PT |
$
32,850.00 |
PER YEAR |
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| QA/CQI REPORTS |
|
33% ADMIN FTE |
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AT $30,000/YR |
$ 10,000.00 |
PER YEAR |
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| RISK
MANAGEMENT REDUCTION |
VARIABLE |
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| POTENTIAL
COST SAVINGS |
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$
256,086.00 |
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| SAVINGS
ON TRANSPCRIPTION COSTS, AND LOST
TIME |
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| SYSTEMS COST-SOFTWARE FEE
+ HARDWARE |
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| Approx.
Hardware startup cost, varies with number of required workstations |
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$16,044.65 |
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| Contracted
systems annual maint. Fee |
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$
- |
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| Annual
systems cost for specified site for Year #1-varies with # of required
workstations |
16044.65 |
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#2 |
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0.00 |
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| SAVINGS
TO COST RATIO |
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$
16 |
: 1 |
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| This
analysis does not take into account the potential financial impact of a audit
penalty. But |
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| current
OIG penalty is treble the final penalty. |
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