Capario

Connectivity. Solutions. Insight.

Cost-savings Calculator

Try this calculator to see how using Capario to automate more of your revenue cycle management processes can save you time and money—or for a more in-depth, individual cost analysis, please submit this form.

Instructions: Use this calculator to estimate your current monthly revenue-management labor costs. Just answer each question and enter the time or hourly rate for each task. To enter part of an hour: 15 minutes = .25, 30 minutes = .5 and 45 minutes = .75

Your current monthly revenue-management labor costs will be shown below.

Creating Reports

How many reports do you create in a month? Include reports on zero paid claims, claims denied at payer, etc.?
How many hours does it take, on average, to generate each one of those reports?
Average time (in hours) to generate reports each month
Average hourly salary
Your monthly cost to manually generate reports

Timely Filing Letters

How many timely filing letters, on average do you write each month?
How many hours does it take, on average, to compile the information for one timely filing letter?
Average time (in hours) to create timely filing letters each month
Average hourly salary
Your monthly cost to create timely filing letters

Matching Electronic Remittance Advice (ERA) to Claims

How many hours per month do your employees spend matching ERA information to your claims?
Average hourly salary
Your monthly cost to match payments to claims

Writing Appeal Letters

How many appeal letters, on average, do you write a month?
How many hours, on average, does it take to write one appeal letter?
Average time (in hours) spent monthly to write appeal letters
Average hourly salary
Your monthly cost to write appeal letters

Rejected Claims

How many claims, on average, are rejected at your clearinghouse each month?
How many hours does it take to research, correct and resubmit one claim rejected at the clearinghouse?
Average time (in hours) spent correcting claims rejected at the clearinghouse
Average hourly salary
Your monthly cost to resubmit claims rejected at clearinghouse

CURRENT LABOR COSTS FOR SELECTED REVENUE CYCLE MANAGEMENT FUNCTIONS

With changing payer requirements, claims processing is never as easy as you hope. There is always more to do after you submit a claim. Our automated processing functions and valuable online features save you hours by making your work easier.