Multiple Choice
The EHR salesman has stated that the new system will improve completeness of submitted claims, thereby reducing the returned claims by 80%. If the salesman is correct, you can potentially decrease your staff who follow up on these claims by 1.5 FTE, which is an annual savings of about $39,000. In reality, this may be a low estimate of annual savings because of improved efficiency and better turnaround of claims processing. The cost of the EHR under consideration for the group practice will be $106,000. What is the return on investment?
A) 35.6%
B) 36.8%
C) 37.4%
D) 38.0%
Correct Answer:
Verified
Correct Answer:
Verified
Q33: Calculate the variance for the below chart:
Q34: Which type of (total) variance does the
Q35: How much of the cost is recovered
Q36: Calculate the variance for the below chart:
Q37: Calculate the payback period if a new
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Q41: If annual savings are about $44,000 and
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