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Prepared for:
By:
Office Size
Cost of Delaying the Decision
Average number of documents per day
Number of office days per year
252
Per Day:
Total number of documents per month
Server Based
Online
Total number of documents per year
Number of people who access files
(billers, collectors, customer service, accounting etc.)
Per Month:
Average number of documents retrieved/refiled per hour
(average number of cases worked)
Server Based
Online
Average Hourly cost of employees handling paper
(including benefits and taxes)
Personnel Expense
Paper
MedFORCE
Average number of documents filed per hour
300
Annual cost for filing
(total # of documents per year / # of documents filed per hour x hourly rate)
Average minutes spent per document
(cases worked-includes retrieving, copying and refiling-MedFORCE is rounded up)
1
Average minutes/day spent looking for missing files or documents
(total estimate for all employees)
10
Total daily hours retrieving/refiling documents
**(see below for explanation of this calculation)
Annual cost for retrieving/working with documents
(total time per day x hourly rate x # of days per year)
Total Personnel Costs
Office Space Expense
Yearly rental
Percentage of file cabinet space
Equipment/Supplies Expense
Cost per file unit (file cabinet or hard drive space)
$10
Average number of pages per file unit (Paper: # of filing cabinets, MedFORCE: # of Gig
28,800
20,000
Folder cost per box
Folder used per year (boxes)
0
Folder label cost per box
Folder labels used per year (boxes)
0
Paper cost per box
Paper used per year (boxes)
Other filing supplies/expenses
$25
TOTALS
Paper
MedFORCE
Total Personnel Cost
Office Space Expense
Equipment/Supplies Expense
YEARLY TOTALS
MedFORCE Estimated Cost (please input the numbers from your quote)
MedFORCE Server-based Initial Investment
MedFORCE Annual Maintenance
MedFORCE Online Startup Investment
MedFORCE Online Monthly Fee
Server Based
Online/Hosted
Total annual savings
Total monthly savings
Total first year savings (Annual Savings Including Initial Cost)
ROI in xx Months (savings/ first year total expenditure)
** Number of employees accessing files x average number of cases per hour x # of minutes to retrieve / refile the document + time spent for all employees searching for missing files or documents - this total is divided by 60minutes x 7 work hours per day - minus # of hours per day spent filing (this is already calculated above)
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