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The EHR salesman has stated that the new system will improve completeness of submitted claims, thereby reducing the returned claims by 80%. If the salesman is correct, you can potentially decrease your staff who follow up on these claims by 1.5 FTE, which is an annual savings of about $39,000. In reality, this may be a low estimate of annual savings because of improved efficiency and better turnaround of claims processing. The cost of the EHR under consideration for the group practice will be $106,000. What is the return on investment?
Thermostat
A device used for regulating the temperature of a system so that the system's temperature is maintained near a desired set-point.
Cooler
A term that can refer to a device or container used to keep things cool, particularly food and drinks, by using ice or other refrigerants.
Thermometer
A device used to measure temperature, often utilizing mercury or digital sensors.
Sensation-Seeking Behaviors
Actions that are pursued to achieve heightened states of arousal or intense experiences.
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