The EHR Salesman Has Stated That the New System Will

question 53

Multiple Choice

The EHR salesman has stated that the new system will improve completeness of submitted claims, thereby reducing the returned claims by 88%. 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 $44,000. 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 $114,000. What is the return on investment?

• A) 35.6%
• B) 36.8%
• C) 37.4%
• D) 38.6%

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Definitions:

Word-of-Mouth

A form of marketing where information about products or services is transmitted from one person to another through verbal or written recommendations.

Countervailing Duties

Tariffs levied on imported goods to offset subsidies made to producers of these goods in their home countries.

General Agreement

A broad contract or understanding between parties that outlines the terms and conditions of their relationship or agreement.

Imported Lumber

Refers to wood that has been sourced from another country and then brought into a domestic market for use or sale.