Practice Management Bridge
DISCOVER THE VALUE OF PRACTICE MANAGEMENT BRIDGE
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Number of offices
Processed $ Volume per month
$
Average total number of patient statements per month
Average amount per patient statement
Calculated but editable: processed $ volume*35% generated by statements / # statements
$
Time spent managing billing (hours per week/per office)
Customer interview average of 20 hours per week/office
Time spent on payment collection and posting (hours per week/per office)
Customer interview average of 10 hours per week/office
Time spent on payment reconciliation (hours per week/per office)
Customer interview average of 10 hours per week/office
Time spent processing manual refunds (hours per week/per office)
Practices interviewed range 1-2 hrs per week/office
How Practice Management Bridge Can Help You
Improve Operational Efficiency
Calculated but editable: processed $ volume*35% generated by statements / # statements
Reduce time spent managing billing by 20%
$27,531
Calculated but editable: processed $ volume*35% generated by statements / # statements
Reduce time spent on payment collection and posting by 30%
$10,680
Calculated but editable: processed $ volume*35% generated by statements / # statements
Reduce time spent on payment reconciliation by 25%
$17,207
Calculated but editable: processed $ volume*35% generated by statements / # statements
Reduce time spent processing manual refunds and mailing checks by 90%
$6,194
Increase Collections
Calculated but editable: processed $ volume*35% generated by statements / # statements
Increase patient payment collection rate by 10%
$30,624
TOTAL VALUE OVER 3 YEARS%
$92,236
Overall 3-year value created:
$92,236
Monthly cost of waiting (value forfeited per month):
$2,562
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The Return-on-Investment (ROI) and other financial calculations performed by this tool are based on data provided by Practice Management Bridge® customers, and various assumptions, and produce estimates only. The actual ROI realized by customers may vary from the estimates provided. This tool is being offered to assist customers with evaluating their health care payments solutions; however, Practice Management Bridge and Hobson & Company (the firm that created the tool) are not responsible for the accuracy of any estimates.