Like any other business, medical practices want to make a profit. One of the most effective ways to accomplish this is to increase their return on investment (ROI). Knowing that an investment’s gains compare favorably to its cost is important for any clinic, regardless of its specialty.
One of the most worthwhile investments for providers to make in order to increase ROI is software that promotes a digital workflow. A high-quality patient engagement platform is designed to reduce overhead, increase efficiency, and grow patient volume. This means that the initial time and cost investment to go digital will pay off in no time.
Here are more details about what the best patient engagement platforms will do to grow your medical practice!
Hire Less Staff
A good clinic workflow solution has the ability to become your best employee. On average, efficient patient engagement platforms save providers from hiring at least 2 employees. Considering the average full-time staff member makes $38,000 annually, this equates to savings of at least $76,000 per year.
Eradicate Paper Waste
According to a 2018 article by Natalya Berdzeni, the typical company spends an average of $200 per employee annually on office supplies like paper and ink. Combined with the classic “clipboard approach” for patient intake forms, screeners, and questionnaires, the amount clinics spend on paper per year without a digital solution is downright staggering! That’s why it’s important to invest in software that reduces or altogether eliminates the need for paper.
See More Patients Each Day
When a provider makes the leap to a worthwhile digital clinic workflow solution, they are able to see at least 2 more patients each day. That might not sound like a lot, but when you do the math, it makes a massive difference over time. At an average of $175 per visit and $1,750 per week, this equates to approximately $91,000 per year of increased revenue per doctor!
Quickly Improve Clinic Efficiency
Patient engagement platforms are designed to make clinics more efficient by decreasing chart documentation time and repetitive clicks, resulting in an average reduction of 11 minutes per patient visit. Better yet, this increase in efficiency also improves the patient-doctor relationship by promoting eye contact and active listening during a visit. This will ensure more patient retention and satisfaction, which will lead to more profit in the long run.
DocResponse: One of the Best Patient Engagement Platforms to Increase ROI
In addition to everything listed above, DocResponse’s clinic workflow solution has the ability to increase ROI by 20x, decrease patient visits by 16 minutes, and reduce documentation time by over 70%. That’s why this all-in-one, easy-to-learn software is a sound investment for all medical practices.
Schedule a demo to learn more about how DocResponse’s software will save you THOUSANDS per year!