Properly analyzing the cost benefits of operating a proper CQI program should include the potential revenue recapture benefits to the organization when determining the true cost of providing these services.
Below is a hypothetical 5000 call per year system. All estimated numbers are for illustration purposes only.
Estimated reduction and conversion % based on outsourced CQI services range of typical savings vs agencies previous experience prior to outsourcing CQI functions.
Note: CQI program operational costs can be either decreased substantially, or even provide a positive return on investment through proper techniques that will emphasize and promote proper patient care functions.
Plug in your agency’s numbers into each of the grey cells in the spreadsheet below to determine potential cost recoupment for your agency. If a field does not apply, put a “0” in the grey field.
