On average, a 34,000 ED visit hospital spends approximately $2,000 per month on NCR Carbon Copy Forms.
They spend another $1,000 per month on copy machine related expenses.
They lose approximately 1% in lost revenue due to lost or incomplete charts.
At least 1 FTE is used to copy and stock templates,, to assemble charts, to copy completed charts, for data input to generate reports, and untold time is spent looking for charts in the ED or in Medical Records.
There are template licensing fee and/or dictation/transcription costs.
Handwritten charts result in lost revenue due to down-coding because they usually don’t meet the documentation guidelines for reimbursement.