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Annual Savings Using Internet Eligibility Verification
versus the Interactive Voice Response (IVR) System
The results of this savings calculator are for comparison purposes only. The savings are a close approximation of actual savings based on the information supplied.
- Enter the number of claims submitted each year,
- Enter the number of providers.
- Enter The minutes per phone call to verify Medicare and commercial patients' eligibility.
- Then click the "Solve" button.
The total annual savings Using AHDS is arrived by deducting the operating costs using the internet from the costs using the phone.
Assumptions:
- Average transaction time for AHDS process is 5 seconds from time submit button is clicked to returned response.
- Based on a Medicare Practice Expense Methodology Study Number 500-2004-00054C from June 2004 - June 2006, the specialty "All Physicians" averaged $56.90 per hour in
- Clerical payroll $15.40
- Office Expense $19.40
- Supplies Expense $ 7.40
- Equipment Expense $ 3.20
- Other Expense $11.20
For this exercise the average hourly expenses are assumed to be $26.00
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