ROI Calculator

Sometimes it’s hard to prove the value of something. What you see as a “need to have,” others may see as a “nice to have.”That’s why we created the MyOutcomes® Calculator. It helps you quickly “do the math” to answer commonly asked purchasing questions, such as:

How does the annual subscription fee compare to a per administration fee?
Does MyOutcomes provide a viable solution to current revenue losses?
How can we fit it into our budget?
 

How does the annual subscription fee compare to a per administration fee?

Okay, let’s break it down. How many productive hours does an average provider bill for each week? Multiply that by the average number of weeks worked each year. Assuming billable client hours equates to the number of client sessions, MyOutcomes costs less than 20 cents per session.

Take for example a practice with a $194 annual subscription (subscription rates vary). The practice has a productivity requirement of 26 hours per week per therapist, who all work an average 44 weeks per year. Multiply the 26 hours by 44 weeks to get a total of 1144 client hours. Assuming a session is one hour long, the $194 subscription works out to 17 cents ($0.17) per session.

Now you try…

Enter the number of productive hours an average provider bill for each week :
Enter the average number of weeks worked each year :
MyOutcomes would only cost :$0 per session


Now ask yourself… what is it worth to you to help someone successfully complete treatment?

Before you answer, let’s consider what no-shows and dropouts are costing you each year. Do you know your no-show and dropout rate? If not, use this simple formula to estimate.

What’s your no-show and dropout rate?

On average, how many client sessions do you have scheduled each week? How many times each week do your clients cancel or just fail to show up? Divide the total number of cancellations and no-shows by the total number of scheduled sessions. This percentage is your no-show rate.

For example, if you have 30 sessions booked and six people do not show up, your rate would be 20%.

The actual average is closer to 40%, so if your no-show rate is 20%, congratulations! If your rate is more like the true average, though, what would it mean to you if you could reduce it by 30%?

Your turn…

Enter the average number of sessions booked each week :
Enter the average number of no-shows :
Your no-show rate is :0%

Assign a $ value to no-shows

On average, how much money do you receive for each billable client hour? Multiply that hourly rate by your no-shows per week. This is the amount of money your practice is losing due to no-shows each week. Want to determine your loss per year? Multiply your weekly no-show loss by the average number of weeks worked each year. This is what no-shows and dropouts are currently costing you!

For example, if you receive $75.00 per billable client hour, and you have 6 no-shows per week, you are losing $450 per week or $19,800 per year. If you could reduce your no-show rate by 30%, you could reduce your yearly loss from $19,800 to $13,860. Put another way, you would receive an additional $5,940 from billable client hours each year.

How are we going to fit this into our budget?

Calculate the amount of money you can expect to recoup after a year of using MyOutcomes and then subtract the cost of your annual subscription.

Imagine investing $179 for one annual subscription and receiving an additional $5,940 in billable client hours that year. Imagine receiving an additional $33 for every dollar invested in an evidence-based outcome management tool that helps you to help more clients more often.

How did we come up with that?

Enter average payment received for each billable client hour :
Enter your average number of no-shows each week :
This is what you are losing each week :$0


Enter the average number of weeks worked each year :
This is what no-shows are costing you each year : $0
This is how much more money you can expect to receive each year using MyOutcomes :$0


Your predicted MyOutcomes no-show ROI is the amount of money you can expect to recoup after a year of using MyOutcomes, minus the cost of your annual subscription. So if you invested $ in an annual subscription and received an additional $0 for billable client hours, you will receive $0 for every dollar spent.

Estimate your Return on Investment

Enter your annual subscription fee per provider :
Enter the amount we predicted you could recoup from additional billable client hours :
With MyOutcomes you will receive : $0 for every dollar spent


To find out your MyOutcomes ROI, request a formal quote for a yearly subscription. Once you know what your annual subscription fee per provider will be, you can estimate your own MyOutcomes’ ROI.