What is ROI?

All our clients have had concerns about costs and the possible Return on Investment (ROI) afterwards. Comtech Networks manages to eliminate these concerns within the first presentation, because the facts are convincing.

One OB/GYN Practice in New York serves as a good example: The office with 5 doctors and 2 Certified Nurse Midwives operates out of 5 locations, seeing over 400 patients a day. Managing over 70,000 medical records and reporting were a major headache, slowing down most of the operations. The office was looking to acquire a turnkey solution without losing one single patient visit.

With an “integrated practice management & EMR solution”, which was implemented in stages, this practice became not only more efficient in all areas, but realized a first-year ROI of over $400,000. Half of this amount came from increased collections and another 25% from an increased accuracy in coding office visits (checking off the appropriate billing codes). Yet another benefit has been the reduced time of getting lab reports. It now may take only 3 hours to get results, instead of previously 36 hours.

Increased accuracy, better service, more patient visits, better collections, increased security – like all the others, this client is extremely satisfied to have taken the step to modern office management.