Fusion ePCR Cost Savings Estimator

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Savings by Unit Hours     Year 1 Year 2 Year 3        
Number of Transports per Year
  100 104 108   Increase in Transports
% per year
Average Unit Hour Cost
  150.00 157.50 165.38   Increase in Unit Hour Cost
% per year
Average Claim Amount
          Time Saved per Call per Unit
minutes
Dollars saved per call     5.00 5.25 5.51   Interest Rate
% per year
Total Unit Hour Savings     500 546 595        
 
Billing Process Savings                  
Time from Call to Billing
days         Time saved call to billing
days
Time in Billing to Claim Filed
days         Time saved billing to claim filed
days
Claims denied due to incorrect/incomplete data
per 100         Total Time Saved 3.5 days
Dollars lost due to mischarging on paper PCR
per month         Average Collection Rate
% of billed
Additional Revenue from Improved Collection Rate     520 541 563   Improvement in Collection Rate
%
Mischarge Dollars Saved     4800 4992 5192   Improvement in Mischarge Rate
%
Interest Gained from Reduction in AR Age     16 16 17        
Total Billing Process Savings     5336 5549 5772        
 
Paper forms savings First Response PCR              
Cost per form
33 34 35   percent of wasted or unused forms
%
filing and storage cost per completed form
  2 2 2        
total paper forms cost     35 36 37        
Paper forms cost when using electronic filing     4 4 4   estimated % of paper forms
%
Total Paper Forms Savings     32 32 33   needed with electronic PCR vs paper forms  
 
Management review process savings                  
Management review hours per week
          Average management pay rate
per hour
Cost of Management Review Process     52000 54080 56243        
New Management Review Cost     46800 48672 50619   reduction in hours of mgmt review
%
Total Management Review Savings     5200 5408 5624        
 
Unit Hour Savings     500 546 595        
Billing Process Savings     5336 5549 5772        
Paper forms savings     32 32 33        
Management review process savings     5200 5408 5624        
              Total Savings/Three Years    
Total Savings     11067 11535 12024   34626