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Expect ROI  * Mandatory
Preferr offers multiple opportunities of realizing a sound return on investment through quick payback (less than 30 days) post implementation. Preferr helps your organization save money by enabling an electronic channel of communication which allows you to decrease paper use including paper based faxes and printing, improve staff efficiency, improve physician loyalty and enhance continuity of care thereby creating patient loyalty as well.

In addition to the financial benefits Preferr will help you realize, it is also important to consider some of the other benefits; such as the fact that administrators of provider facilities will now have access to real information about the demand and capacity gaps in their organization and can use that information to help allocate resources and resolve service backlog issues based on the trends they see. Referring physician offices will now also have a reliable way to check the status of each referral they request thereby decreasing the time spent on follow up via phone or fax. Preferr will help reduce misdirected referrals helping to improve continuity of care and also help reduce the amount of time physician offices and specialists spend trying to determine where care should be received thus enabling them to spend more time actually delivering care.

Please use the calculator below to quickly identify ‘prospect’ savings by subscribing to Preferr
    
Return on Investment Model for Physician offices
  High Level Inputs  
  Avg. Number of patients received per day  
Annual revenue from patients referred by physician offices $*
  Number of Working Days per Month*  
  Avg. Loaded Cost Per hour for Front desk / Scheduler (including CTC)  
      
  Paper Savings  
  Current Process    
  Number of Paper Forms per patient referral     
  Total number of Paper Forms per day     
  Average paper handling cost per Paper Form (paper cost, staff handling, printing,
Faxing, filling, shredding etc)
[Source: Based on independent studies and related industry standards] 		    
  Total Cost due to Paper Forms per day     
  On preferr    
  Number of Paper Forms per patient referral     
  Total number of Paper Forms per day     
  Total Cost due to Paper Forms per day [with same avg cost as above]     
  Savings    
  Total Paper Savings per day     
  Time Savings  
  Current Process    
  Average Time Spent in handling each patient referral [minutes]
[Scope of activities: Collecting/updating patient info; process paper forms;
call providers; respond to replies from providers; incl wait time with patients too] 		    
  Total time spent in handling patients by staff per day [hrs]
     
  Total costs due to staff [based on loaded cost above] per day     
  On Preferr    
  Average Time spent in handling each patient referral [minutes]     
  Total time spent in handling patients by staff per day [hrs]
     
  Total savings in time spent by staff per day
     
  Effective time savings available per day (applying industry average correction factor)     
  % Reduction in Staff Time [%]     
  Total costs due to staff [based on loaded cost above] per day      
  Savings    
  Total time saving per day     
  Total Savings  
  Total saving per day [based on patient volume above]     
  Total savings per month [based on monthly working days above]     
  Total savings per year
     
  Total savings over three years     
  INCREASE IN REVENUES  
  Potential increase in revenues
[We anticipate a minimum 2% increase in annual patient revenue via increased patient throughput through new affiliations or better management of existing affiliations] 		    
      
      

 
 
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