1 The Economic Return of an EHR Scott D. Barlow Chief Executive Officer Central Utah Clinic Exhibit 99.3 |
2 Background The Largest Independent Physician Group in Utah 85 Physicians in 19 Specialties 13 Locations and 10 Satellite Offices Each Physician is their Own Cost Center MGMA Better Performing Practice - Five Years in a Row MS-HUG Clinic of the Year - 2004 |
3 Selecting an EHR Why Allscripts? Modular Approach Fits with Groupcast PM System Interfaces Handheld/Wireless Options “Good Solution out of the Box” Strong Functionality Selection Process Multi-Year Search Narrowed to Five Vendors Site Visits for All Vendors Final Selection |
4 Evaluating Return on Investment Studied ROI in Five Areas Transcription expenses Medical records staff Chart supplies and creation expenses Changes in coding levels Physical space of records |
5 The Good Old Days! |
6 Empty Shelves Look Better! |
7 How Far Does it Go??? |
8 The Physician Perspective Jeff Johnson, M.D. |
9 ROI – Exceeded Expectations $20K/MD in Year One Break-Even in Less than a Year $8.2MM over Five Years |
10 ROI - Detail $1,849,712 TOTAL $248,000 Physical Space (one time) $159,000 MSO Services $168,000 Billing Efficiencies $262,900 Coding $75,000 Records Copy Revenue $160,000 Chart Creation $116,812 Records FTE $660,000 Transcription Quantified Annual Savings: Reception/Nursing Efficiency Charge Capture Infrastructure - Filing/Retrieval, Backbone Physician Productivity/Retention Formulary Compliance Error Reductions/Tracking Additional Savings: |
11 The Economic Return of an EHR Scott D. Barlow Chief Executive Officer Central Utah Clinic |