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Measuring the Costs of Practice Management Solutions

Posted by Cookie deSilva on Sep 26, 2013 12:30:00 PM

What’s the real investment of a practice management solution for eye care practices? You might be surprised to find out that the answer varies depending on who you ask. All too often, practices don’t think about the cost beyond the first year. They just don’t think about the life of their investment. We think that’s a scary prospect!

There’s so much more to factor in to your total cost of ownership than the price of the software alone. This is one of the key factors that practices miss! They don’t think about all of the long-term costs like:

  • Hardware
  • IT Infrastructure
  • Third-Party & Add-On Solutions
  • Upfront Fees
  • Training
  • Support
  • Annual & Maintenance Fees
  • Upgrades
  • Soft Costs

How Much Do Practice Management Solutions for Eye Care Practices Really Cost? 

Thinking about cost this way will help you make sure that you know exactly what you are getting in to! To make the cost evaluation a little easier, we’ve put together a Total Cost of Ownership Calculator that you can use to evaluate your 5 year investment in a practice management and EHR solution. 

Get a printable version of the worksheet!

TCO_Worksheet

Use this calculator to evaluate each different solution that you are considering. Then you’ll be able to look at the big picture for your investment and can make sure that you are comfortable with the bottom line.

Have you found yourself surprised by any of the additional fees that you have to pay in order to maintain a software solution? If so, what are they? And what advice do you have for others?

Download our Buying Guide to get started!

 

Want more optometry practice management tips? Check out our blogs.