Initial Cost

Year 1

Year 2

Year 3

Year 4

Year 5

Total

Costs

Software license (annual)

$1600

$1600

$1600

$1600

$1600

$1600

Implementation

$3400

Support

$1500

$1500

$1500

$1500

$1500

$1500

Hardware (refresh every 3 years)

$6600

$6600

Productivity loss

$11,200

Annual costs

$13,100

$14,300

$3100

$9700

$3100

$3100

$46,400

Present value of annual costs*

$13,100

$13,619

$2812

$8379

$2550

$2429

$42,900

Benefits

Chart pull savings

$3000

$3000

$3000

$3000

$3000

Transcription savings

$2700

$2700

$2700

$2700

$2700

Prevention of adverse drug events

$2200

$2200

$2200

$2200

Drug savings

$16,400

$16,400

$16,400

$16,400

Laboratory savings

$2400

$2400

Radiology savings

$8300

$8300

Charge capture improvement

$7700

$7700

Billing error decrease

$7600

$7600

Annual benefits

$5700

$24,300

$24,300

$50,300

$50,300

$154,900

Present value of annual benefits*

$5429

$22,041

$20,991

$41,382

$39,411

$129,300

Net benefit (cost)

$(13,100)

$(8600)

$21,200

$14,600

$47,200

$47,200

$108,500

Present value of net benefit (cost)*

$(13,100)

$(8190)

$19,229

$12,612

$38,832

$36,982

$86,400