Investing in survivorship and patient engagement is more than the right thing for patients, it’s also the right thing for your bottom line. By retaining patients within your network and managing your program efficiently, most organizations see a return on their investment within a few years. Just answer a few questions about your organizations in the form below to see your projected 5 year survivorship ROI.
Calculate Your ROI
This calculation is estimated based on the data entered here combined with info typical to most organizations. If you’re ready to get an ROI calculation that’s specific to your organization, please contact us.
- How do we calculate the ROI?
Equicare Health partnered with American Medical Accounting & Consulting Inc (AMAC), one of the leading firms in the radiation oncology industry, to develop a comprehensive pro-forma tool. Based on reimbursement data, and information about the size, make up and growth projections of an organization, we can use the pro-forma to calculate an expected five year ROI. You can often get an ROI by running a paper or excel based survivorship program, so we calculate that information, and present the incremental net income too.
- Where does the revenue come from?
The major sources of revenue are from increased Nurse Navigator efficiency – fewer FTEs can manage the same (or more) patients, additional imaging studies, which may have been lost without pro-active survivorship planning, and increased rates of patient attendance at reimbursable follow-up appointments.
- What’s the difference between incremental net income and ROI?
The ROI is simply the difference between the total revenue and expenses of managing a survivorship program. The incremental net income is the difference between the ROI an organization realizes when using an electronic tool like ECS, and the ROI from running a manual survivorship program. This is an important figure to present when considering whether to introduce an electronic tool, or attempt a manual program.
- What is a manual survivorshop program?
Manual survivorship is how we describe programs that are run using paper or excel spreadsheets. While it’s possible to run a program like this, it’s less efficient, and for some organizations, particularly free-standing clinics, may cost more to run than revenues generated.
- Why is my ROI for a manual survivorship program negative?
Running a manual survivorship program is less efficient than using a dedicated tool. Because survivorship programs require paid staff time, the cost to run the program manually may be greater than the revenues the program generates.
- Do you include staff salaries in this calculation?
Yes, we use your current size and plans for the growth of the program to estimate the number of nurse navigators (or other dedicated employees) required to manage the program now and in the years to come. This is included in the expense calculation.
- Why would HL7 interfaces affect my ROI?
The set up of HL7 interfaces between hospital systems and ECS increases the cost of survivorship implementation, and is included in the expense calculation.