Your Return on Investment With PhoneTree Patient Messaging
The results below are designed to offer a basic idea of how using PhoneTree Patient Messaging for appointment reminder calls in your practice can directly impact your bottom line, paying for itself fast while creating new revenue for your practice.
Your daily no-show rate is . (No-shows divided by patient load) x 100
Your annual cost of having staff make reminder calls is . Hourly staff cost x (patient load divided by 20 calls per hour made by staff member) x 264 days per year
Your annual cost of mailing reminder cards is . Patient load x 27 cents per card x 264 days per year
With just a 30% decrease in no-shows, (for example), you could expect in additional monthly revenue. ((No-shows x patient charge) x 0.3 decrease in no-shows) x 22 working days per month
Given these calculations, using PhoneTree Patient Messaging in your practice would pay for itself within approximately month(s). Average system cost divided by estimated additional monthly revenue
These calculations assume the following:
22 working days per month
$.27 postage per mailed reminder (6'' x 4.25'' USPS post card)
1 staff member currently making 20 calls per hour
Single-provider practice using PhoneTree Hosted Services over 12 months