EMR Educate - EMR Cost Estimator
Solo Practice - Local (Client Server) Installation - Five or Fewer Total Users
|
EXPENSE ITEM |
2011 |
2012 |
2013 |
2014 |
2015 |
|
EMR/PM Software License |
7,500 |
0 |
0 |
0 |
0 |
|
Annual Subscription Fees |
0 |
0 |
0 |
0 |
0 |
|
eRX License |
250 |
250 |
250 |
250 |
250 |
|
Formulary License |
250 |
250 |
250 |
250 |
250 |
|
Annual Software Maintenance |
1,640 |
1,640 |
1,640 |
1,640 |
1,640 |
|
Application Server |
5,200 |
0 |
0 |
0 |
0 |
|
Work Station PCs (5) |
5,000 |
0 |
0 |
0 |
0 |
|
Tablet PCs (3) |
5,400 |
0 |
0 |
0 |
0 |
|
Broadband Internet Connection |
0 |
0 |
0 |
0 |
0 |
|
Wireless Network Hardware |
1,200 |
0 |
0 |
0 |
0 |
|
Hardware Maintenance |
600 |
600 |
600 |
600 |
600 |
|
EXPENSE SUBTOTAL |
27,040 |
2,740 |
2,740 |
2,740 |
2,740 |
|
TAX DEDUCTION* |
|
|
|
|
|
|
Software |
8,000 |
500 |
500 |
500 |
500 |
|
Hardware |
16,800 |
0 |
0 |
0 |
0 |
|
Service (Maintenance) |
2,240 |
2.240 |
2.240 |
2.240 |
2.240 |
|
TAX DEDUCTION SUBTOTAL** |
27,040 |
2,740 |
2,740 |
2,740 |
2,740 |
|
EFFECTIVE TOTAL COST (After Tax) |
17,846 |
1,808 |
1,808 |
1,808 |
1,808 |
|
ARRA INCENTIVES*** |
18,000 |
12,000 |
8,000 |
4,000 |
2,000 |
|
NET COST**** () = Cash to You |
(154) |
(10,192) |
(6,192) |
(2,192) |
(192) |
|
*For illustration purposes only. Not intended as tax advice or opinion and should not be relied upon for any purpose. Consult your tax advisor regarding this and all other tax issues. **Assumes ARRA Increased Accelerated Depreciation (IRC Section 179). Will vary based upon your effective tax rate, sufficient income to support a full deduction, and other factors. Deduction carry-forwards may apply. ***Based on current reimbursement/incentive schedules and 2011 or prior EMR adoption year. Subject to qualifying criteria such as "meaningful use". Physician shortage areas (rural) entitled to higher reimbursement / incentive levels. Does not include consideration of taxability of ARRA Incentives. ****Before consideration of cost savings produced and Return on Investment (ROI). © 2009 Olive Consulting Group LLC d/b/a EMRmatch™ |
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Solo Practice - ASP (Hosted) System - Five or Fewer Total Users
|
EXPENSE ITEM |
2011 |
2012 |
2013 |
2014 |
2015 |
|
EMR/PM Software License |
0 |
0 |
0 |
0 |
0 |
|
Annual Subscription Fees |
4,800 |
4,800 |
4,800 |
4,800 |
4,800 |
|
eRX License |
0 |
0 |
0 |
0 |
0 |
|
Formulary License |
0 |
0 |
0 |
0 |
0 |
|
Annual Software Maintenance |
0 |
0 |
0 |
0 |
0 |
|
Application Server |
0 |
0 |
0 |
0 |
0 |
|
Work Station PCs (5) |
5,000 |
0 |
0 |
0 |
0 |
|
Tablet PCs (3) |
5,400 |
0 |
0 |
0 |
0 |
|
Broadband Internet Connection |
1,440 |
1,440 |
1,440 |
1,440 |
1,440 |
|
Wireless Network Hardware |
1,200 |
0 |
0 |
0 |
0 |
|
Hardware Maintenance |
600 |
600 |
600 |
600 |
600 |
|
EXPENSE SUBTOTAL |
17,000 |
6,840 |
6,840 |
6,840 |
6,840 |
|
TAX DEDUCTION* |
|
|
|
|
|
|
Software |
0 |
0 |
0 |
0 |
0 |
|
Hardware |
11,600 |
|
|
|
|
|
Service (Maintenance) |
6,840 |
6,840 |
6,840 |
6,840 |
6,840 |
|
TAX DEDUCTION SUBTOTAL** |
18,440 |
5,400 |
5,400 |
5,400 |
5,400 |
|
EFFECTIVE TOTAL COST (After Tax) |
12,170 |
4,514 |
4,514 |
4,514 |
4,514 |
|
ARRA INCENTIVES*** |
18,000 |
12,000 |
8,000 |
4,000 |
2,000 |
|
NET COST**** () = Cash to You |
(5,830) |
(7,486) |
(3,486) |
514 |
1,564 |
|
*For illustration purposes only. Not intended as tax advice or opinion and should not be relied upon for any purpose. Consult your tax advisor regarding this and all other tax issues. **Assumes ARRA Increased Accelerated Depreciation (IRC Section 179). Will vary based upon your effective tax rate, sufficient income to support a full deduction, and other factors. Deduction carry-forwards may apply. ***Based on current reimbursement/incentive schedules and 2011 or prior EMR adoption year. Subject to qualifying criteria such as "meaningful use". Physician shortage areas (rural) entitled to higher reimbursement / incentive levels. Does not include consideration of taxability of ARRA Incentives. ****Before consideration of cost savings produced and Return on Investment (ROI). © 2009 Olive Consulting Group LLC d/b/a EMRmatch™ |
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