Description

Remedi Software offers the ability to extract data from your existing eElectronic health records system and produce a standardized database that your new electronic health records software can import. An option to our electronic extraction, conversion and migration to a new Electronic Health Records software provider is to do the work manually.  The following is an estimation of the amount of time and cost to a practice based on a few reasonable assumptions.  The final assumption is that a human making this many extractions, conversion and migrations of data will incur an unknown percentage of errors.  This final question should be “How many errors are acceptable?”

Your practice numbers will vary from this example; however the formula will fit any numbers inserted.

Large practice - number of patients                                 150,000

Average per hourly wage for technician                                                                                                             to manually convert EHR data -                                         $12.00

Number of summary encounters                                           6                                                                   converted per hour (1 every 10 minutes) -                                      

Note: Comprehensive encounters will take significantly more time

 

Manual Cost

150,000/ 6 (extractions & conversions) =                         25,000 hrs.

25,000 X $12.00/ hr. =                                                     $300,000

25,000 hrs. / 40 (hrs. /week) =                                        625 weeks

625 weeks / 52 (weeks/year) =                                     12.02 years

Electronic Cost

Average cost per extraction & conversion                        .45/patient

Average hours to convert 150,000                                     30hours                                                                (extractions and conversions)                                                                                                                        

                                                                150,000 X .45= $67,500                                                                                               

 

Small practice - number of patients                                   30,000                                                                      

Average per hourly wage for technician                                 $12.00                                                                    to manually convert EHR data

Number of summary encounters                                                                                                                   converted per hour (1 every 10 minutes) -                                 6

Note: Comprehensive encounters will take significantly more time

 

Manual Cost

30,000/ 6 (extractions & conversions) =                             5,000 hrs.

5,000 X $12.00/ hr. =                                                         $30,000

5,000 hrs. / 40 (hrs. /week) =                                          125 weeks

125 weeks / 52 (weeks/year) =                                       2.40 years

Electronic Cost

Average cost per extraction & conversion                        .45/patient

Average hours to convert 30,000                                                                                                               (extractions and conversions)                                             7 hours                                          

30,000 X .65=                                                                   $19,500

           

The above examples are for comparative purposes only.  There are many other factors that may affect the final results.

Remedi Software & Systems  George.Lucas@Remedi Software.com 941-799-7724 Phone