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ROI Calculator
MedMetrics
®
Your MedMetrics
®
ROI Calculator
This is your MedMetrics
®
Return-On-Investment calculator to help you forecast your savings in administrative costs when you use MedMetrics
®
live Workers Compensation medical analytics.
Step 1: Estimate your administrative savings for each of the following:
Administrative Cost/Benefit
Explanation
Estimated Annual Savings
fewer Case Management FTE’s
Medical Case Managers and claims adjustors focus on claims needing the most attention while MedMetrics
®
continuously monitors the data to find high risk-high cost claims.
$
Send
fewer claims to Utilization Review
Why manage best practice providers? You let MedMetrics
®
manage them with data. MedMetrics
®
provider ranking tells you which providers you should manage.
$
Direct claimants to best practice providers where possible
Utilize MedMetrics
®
zip region look up of best practice providers for treating specific injury types.
$
Early case intervention
Damage control is easier and more effective when problems and trends are identified early. MedMetrics
®
sends you electronic alerts of high risk claims.
$
fewer staff to design, develop and implement your quality assurance program
MedMetrics
®
can monitor and document all medical activity, vendors and programs electronically. You need not apply additional QA resources.
$
Gain competitive edge
With MedMetrics
®
, you can
prove
what you are doing for clients
$
Increase profitability
You can provide Proof of Value.
$
Create custom studies
Let MedMetrics help you respond to your clients’ information requests promptly.
$
User Defined
$
User Defined
$
User Defined
$
TOTAL SAVINGS—drop immediately to your bottom line.
$
Step 2: Subtract the cost of MedMetrics
®
from your Total Savings*
$
Cost of MedMetrics
®
$
your projected ROI
* Hint: The annual cost of MedMetrics
®
is probably a fraction of the cost of any one of the items listed above.
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