Online Tool Calculates Hospitals’ ROI from Hosted Document Imaging Solution
(TROY, Mich., May 11, 2011) CareTech Solutions, an information technology and Web products and services provider for more than 180 U.S. hospitals, today unveiled its iDoc™ Savings Calculator, at the Michigan Health Information Management Association’s annual meeting. Located on the company’s website, the online tool will estimate annual savings for an organization after it implements the company’s document imaging and management solution.
“CareTech Solutions’ iDoc Savings Calculator helps hospitals isolate costs associated with paper-intensive departments and provides an estimate for the annual savings they could generate if they implement iDoc,” said Leslie Mack, senior director, Document Imaging and Management, CareTech Solutions. “The rule of 20s says you spend $20 in labor to file a paper document, $120 to find a misfiled document, and $220 to reproduce a lost document. Add to that the cost of paper, toner, folders, labels, copiers, storage space, etc. and you are spending more than you think. The iDoc Savings Calculator will show you how the savings more than offset the cost of iDoc in the first year.”
CareTech Solutions’ iDoc is a HIPAA compliant document imaging software solution, hosted in a SAS 70 Type II Accredited certified data center that holds the exclusive endorsement of the American Hospital Association. iDoc interfaces with all major business and clinical systems to transform paper and existing electronic medical and business files into one central data repository that can be searched retrieved, shared and edited on the fly.
About CareTech Solutions CareTech Solutions, Inc., an information technology and Web products and services provider for more than 180 U.S. hospitals and health systems, creates value for clients through customized IT solutions that contribute to improving patient care while lowering healthcare costs. From implementing emerging technologies to supporting day-to-day IT operations, CareTech offers clients expert health information management services across the entire patient data lifecycle earning it the 2008, 2009 and 2010 Best in KLAS award for IT Outsourcing (Extensive) as ranked by healthcare executives and professionals in the Top 20 Best in KLAS Awards: Software & Professional Services report.
For more information, please visit www.caretech.com.
Anne Santori, APR
Public Relations Manager