TIME/COST BENEFIT PROJECTIONS

TIME/COST BENEFIT PROJECTIONS

Bases on facility with 25,000 visits per year

Procedure

·                    PHYSICIAN TIME VALUE TO SELF

·                     PHYSICIAN TIME VALUE TO HOSPITAL IN $$$ AMOUNT OF SERVICES BILLED.  THIS IS DEPENDANT ON FACILITY VOLUME BUT ASSUME PHYSICIAN TREATS 3 PATIENTS/HOUR
ASSUME AVERAGE HOSPITAL FEES FOR NURSING SERVICES/FACILITY FEE ARE $300/PATIENT.

•       R.N. TIME VALUE

• NURSING TIME TO RE-WRITE PHYSICIAN DISCHARGE INSTRUCTIONS (assume 3 patients/hr)

3 minutes/PT

• TIME/COST SAVINGS FOR FACILITY FEES PERTAINING TO PHYSICIAN HANDWRITING PRESCRIPTION

1 MIN/HR

• TIME/COST TO PHYSICIAN PERTAINING TO PERSONAL INCOME

1 MIN/HR

• PHYSICIAN PHONE CLARIFICATIONS

• NURSING TIME TO LOCATE PHYSICIAN
  FOR PHONE CLARIFICATION                            

  1 MIN/HOUR

• NURSING DOCUMENTATION TIME SAVINGS USING ELECTRONIC MEDICAL RECORD

3 MIN/HOUR

• NURSING RETRIEVAL OF OLD MEDICAL  RECORDS 

3 MIN/HOUR /PATIENT

• QA ANALYSIS: 1/3 FTE

$10,000/YEAR

• CHART ASSEMBLY/CLERICAL 1/3 FTE

• RECORDS FILING/CLERICAL   1/3 FTE

• INCREASED CODER HANDLING
  OF PAPER RECORDS FOR FACILITY THAT SEES APPROX 25,000 PATIENTS PER YEAR-1 FTE

• INVENTORY CONTROL-1/3 FTE

• Triplicate forms cost

$276,636