4.

 Time lost in manual eligibility authorization check & writing co-pay receipts $1,176
 

Front office usually performs this check for most of the existing patients and all new patients. It takes about 30 seconds to complete one eligibility authorization and additional 30 seconds to write a receipt for patient payments.

Using PracticeSuite's instant Eligibility Authorization & Create Receipt button built in the scheduler, front office can perform this check at the click of a button and it takes just about 5 seconds to complete one eligibility authorization.

 
 

A

Average patient visits per day

25 visits

B

Estimated time checking eligibility

30 seconds

C

Savings using PracticeSuite's instant eligibility authorization

25 seconds

D

Estimated time writing co-pay receipts

30 seconds

E

Savings using PracticeSuite instant receipt print performed during patient checking

25 seconds

F

Average wage rate per hour

$14 an hour

G

Time lost in seconds per month
(A x (C + E) x 20 working days)

 25000 seconds
H

Time lost in hours per month
( (G / 60) / 60 )

 7 Hours
I

Time lost in hours per year
( H x 12 Months)

 84 Hours
J

Loss per year ( F x I)

$1,176
 
  You could give this amount to your staff as a bonus to motivate them to improve their productivity.  
     

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* Information deemed reliable but not guaranteed
* Above estimate is for a one doctor practice