Week 8: Blog Activity #6

Brief Overview of Project

A return on investment analysis conducted for Ingenix in 2011. The company exhibited improved productivity, reduced information technology costs, and a reduction in operating expenses by “$284, 000” through its product known as CareTracker. CareTracker is a web-based electronic application that facilitates better operational functions in medicine and better recording of medical records (“Ingenix,” 2011).

ROI for the Project

Available at: http://www.casestudyforum.com/csr/H3889R.pdf

ROI     = Future value of benefits/present value of costs

            = 284251/380953

            =0.7461576625

            =75%

Benefits of the Project

Benefits included boost in productivity by 33%, Accounts receivables were reduced from forty five to twenty nine, denial rates were cut down from twenty five percent to ten percent, and cumulative five year benefits were set as $284, 251.Additionally, down times were reduced (“Ingenix,” 2011)..

Strengths and Weaknesses

ROI calculation approach is able to capture both tangible and intangible benefits.

Reference

            http://www.casestudyforum.com/csr/H3889R.pdf