Calculate Your Return on Investment
The HealthEngine Savings Calculator
See how much time and money your practice could save with HealthEngine. Simply add in your number of full time equivalent practitioners to get started.
My practice is and has full time equivalent practitioners
HINT: To find out how many full time equivalent practitioners (FTE) you have, take your total number of practitioner hours per week and divide by 37.5
Calculate ROIBased on our data from 94 GP practices who have successfully used HealthEngine’s Booking360, Professional Profile, and Patient Match products to grow and manage their practice, below are some stats on how you could benefit too.
Appointments
With 4 full time equivalent practitioners, your practice would likely have about 1,600 appointments per month.
Bookings
If you used HealthEngine, 228 of those bookings would be made online, resulting in 16 hours saved per month by the front desk team. That’s 25 working days saved per year!
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New patients
These online bookings would bring in 24 new patients per month, or 288 new patients per year.
Revenue
At an average lifetime value of $160 per new patient, this results in an additional $45,956 revenue for your practice per year.
Practice efficiency
At the same time as saving your practice $3,994 in front desk costs and an additional 65 hours saved every year in processing recalls.
Recap – Your Total ROI
With 4 full time equivalent practitioners, your practice will get $57,281 yearly value for only $5,292 per year + $4,022 in estimated referral fees.
That’s a 6.2x return on investment.
Summary
The below is a summary of expected value, fees and return on an investment for a practice with 4 full time equivalent practitioners.
Appointments and referrals |
|
| Average number of bookings per month | 1,600 |
| Average number of online bookings per month | 228 |
| Number of new patient referrals per year | 288 |
Front desk time saved |
|
| Hours saved on phones by online bookings per month | 16 |
| Estimated number of recalls processed per year | 1,947 |
| Hours saved by using HealthEngine to process recalls per year | 65 |
| Total hours saved per year | 247 |
Value generated |
|
| New patient value | $45,956 |
| Value of front desk time saved per year | $11,325 |
| Total yearly value | $57,281 |
HealthEngine pricing |
|
| Monthly Booking360 + Professional Profile cost | $441 |
| Annual Booking360 + Professional Profile cost | $5,292 |
| Referral fees | $4,022 |
| Total yearly fees | $9,314 |
| Yearly return on investment | 6.2x |
Assumptions and variables
Statistics provided are calculated based on an a typical existing Booking360 customer, from a set of 94 active practices.
The assumptions and variables used to calculate the results are included below.
Appointment and booking rates |
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| Average appointments available per practitioner per month | Based on averages from HealthEngine data | |
Practice variables |
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| Hourly rate for front desk staff ($) | Based on data published by RACGP | |
| Average time per appointment call (seconds) | HealthEngine estimate | |
| Number of recalls per month per practitioner | Based on averages from HealthEngine data | |
| Standard time to process a recall (seconds) | HealthEngine estimate | |
| Average cost to process a recall ($) e.g. SMS or letter costs | HealthEngine estimate | |
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