COST

1

• COST
• For the cost of any current paper charting
  system, we can replace it with an electronic
  charting AND tracking solution!
• You provide us with the current cost of using a
  paper system, we will meet or beat that price
  replacing it with an electronic system- period.
• Its that simple. Show us the proof, and well
  provide you with an electronic solution.

2
How?

1. On average, a 34,000 ED visit hospital spends
   approximately 2,000 per month on NCR Carbon Copy
   Forms.
2. They spend another 1,000 per month on copy
   machine related expenses.
3. They lose approximately 1 in lost revenue due to
   lost or incomplete charts.
4. At least 1 FTE is used to copy and stock
   templates,, to assemble charts, to copy completed
   charts, for data input to generate reports, and
   untold time is spent looking for charts in the ED
   or in Medical Records.
5. There are template licensing fee and/or
   dictation/transcription costs.
6. Handwritten charts result in lost revenue due to
   down-coding because they usually dont meet the
   documentation guidelines for reimbursement.

3
Real Example E-mail From Potential Client
cost analysis

• Hi Bill.
• I received the information regarding the cost of
  the NCR forms. It is as follows
• 1) Nursing Assessment ("A1") Form 0.269 each.
  (One form is used on each of the ED's
• 33,000 annual visits)
• 2) Nursing E.R.Flowsheet ("continuation form)
  0.12 each (One form is used on each of the
• ED's 33,000 annual visits)
• 3) ED Order Sheet 0.12 each (One form is
  used on each of the ED's 33,000 annual visits)
• 4) ED Discharge Instructions (contains
  prescription blanks) 0.255 each (One form is
  used on
• each of the approximately 26,400 ED patients who
  are discharged)
• Other costs would be the cost of copying the
  original templates. I don't know how much 32
• pound copying paper is (I can find out), but each
  patient has (at least) one template. Plus,
• there is the time of the person who makes the
  copies, checks to see if we need more copies,
• and re-supplies the folders in which we store the
  templates.
• Also, the hospital will be saving the time of the
  person who is manually entering data into a
• computer so that we can run statistics and
  reports which your system will do automatically.
  I'm
• sure that at least 50 of his time is dedicated
  to data entry....I can find out for sure, and
  also
• find out what his salary is.

4
COSTS OF ED PAPER TEMPLATE CHARTING

• NCR Paper

• Equipment, Personnel, etc.

Item Cost Visits Total
RN Assessment 0.269 34,000 9,146
RN Flow Sheet 0.12 34,000 4,080
Order Sheet 0.12 34,000 4,080
Discharge Instructions 0.255 27,200 6,936
Total NCR Paper Cost 24,242
Item Annual Cost
Copy machine maintenance 6,000
Copier paper (for templates) 6,000
0.25 FTE _at_ 10/hr (copy, stack templates, assemble charts, copy charts for PMDs) 5,200
0.6 FTE (data entry/generate reports) 12,480
MD, RN, ED secretary, Medical Records clerk (locating charts for return visits, X-ray discrepancies, complaints, QA, etc.) 6,000
0.25 FTE (scan charts-make an EMR) 5,200
Lost charges (lost charts/late charges) 1 of total _at_ 100/chart 34,000
Shipping charts to billing company 3,600
Template licensing fee 17,000
Total Annual Costs 95,480
Grand total cost of paper documentation
119,722 3.52 per patient
5
COSTS OF ED PAPER TEMPLATE CHARTING

• NCR Paper

• Equipment, Personnel, etc.

Item Cost Visits Total
RN Assessment 0.269 34,000 9,146
RN Flow Sheet 0.12 34,000 4,080
Order Sheet 0.12 34,000 4,080
Discharge Instructions 0.255 27,200 6,936
Total NCR Paper Cost 24,242
Item Annual Cost
Copy machine maintenance 6,000
Copier paper (for templates) 6,000
0.25 FTE _at_ 10/hr (copy, stack templates, assemble charts, copy charts for PMDs) 5,200
0.6 FTE (data entry/generate reports) 12,480
MD, RN, ED secretary, Medical Records clerk (locating charts for return visits, X-ray discrepancies, complaints, QA, etc.) 6,000
0.25 FTE (scan charts-make an EMR) 5,200
Lost charges (lost charts/late charges) 1 of total _at_ 100/chart 34,000
Shipping charts to billing company 3,600
Template licensing fee 17,000
Total Annual Costs 95,480
Grand total cost of paper documentation
119,722 3.52 per patient
6
Our Cost for Charting AND Tracking

• 2 Per Patient
• Thats a cost SAVINGS of
• 50,000 PER YEAR!
• (or a LOT MORE if you also pay for transcription)
• And if your documented paper charting
  
  costs are less,
  
• WE WILL MATCH IT!

7
HOW CAN YOU NOT AFFORD THIS SYSTEM?

• The system is not an additional expenseat worst
  it replaces the current cost of paper
  documentation, and will probably cost LESS than
  the cost of paper, thereby SAVING you money.

YOU CANT AFFORD NOT TO USE THIS SOLUTION
8
Pricing Exclusions

• EXITCARE RX and Discharge Instructions software
  is sold separately. The cost varies depending on
  the size of the ED and the number of languages
  requested.
• Implementation, training, hardware, interface,
  and maintenance fees are not included in the
  price.
• For more information regarding the CHECKCHART
  electronic charting and tracking system,
• Call us toll free at 888-313-1493
• E-mail us at info_at_checkchart.com
• Visit us on the web at www.checkchart.com