EDI Services
Electronic statement cost analysis
Based on customer experience the return on investment (ROI) from using SecureConnect Statements for medical and patient billing or medical claims management is 33.51% or a monthly savings of $108.84. The cost of using manual and electronic statement processing is outlined below. SecureConnect Statements [Learn More].
ROI = Monthly savings of $108.84
Manual processing
|
Item |
Cost per item ($) |
Cost per 500 items ($) |
|
Paper |
0.07 | 35.00 |
| Envelopes | 0.04 | 20.00 |
| Postage | 0.42 | 210.00 |
| Labor | 9.62 | 115.44 (12hrs) |
| Printing | 0.05 | 25.50 |
| Overhead | 27.71 | |
| Total Cost to produce 500 statements | $433.65 |
Electronic statement processing
|
Item |
Cost per item ($) |
Cost per 500 items ($) |
|
eStatements |
0.64 | 320.00 |
| Labor | 9.62 | 4.81 (1.5 hrs) |
| Total Cost to product 500 statements | $324.81 |