Revenue Budget Worksheet: The purpose of the revenue budget is to forecast revenue from nonpatient activity. In the Health Information department, revenue is incurred from Release of Information. Currently there is one Release of Information specialists who works full time. She makes $15.75/hour (plus 22% for benefits). Below is a list of types of releases (along with average number of releases per day, and average number of pages per release) that this staff member does per day. Who Requests Average # per day # of stat requests Average pgs/request Billable? 

Patients 7 1 8 

No Other doctors 9 2 8 

No Internal (docs, nurses) 7 5 2 

No Attorneys, Underwriters 4 0 30 yes 

The current rate for Release of Information is $17.79 retrieval fee plus $1.34 per page. Calculate the revenue earned per year (show your work). Revenue earned per year (52 weeks) for in-house ROI

In researching copy service companies, you have found that most companies will not only do the billable releases, but they will do ALL the releases for the department (except for STAT releases; those will still have to be handled by a staff member in the office). The department will earn 20% of the revenue received for the billable requests. Calculate the revenue per year if a copy service completed all releases (show your work): Revenue earned per year (52 weeks) for contracted ROI: 

Which one is more profitable? 

Consider the costs to pay the Release of Information Specialist. Calculate the ACTUAL revenue for ROI after deducting the cost of the ROI specialist (Remember pay increase and benefits). What is the profit?

Make your decision on whether to keep ROI in-house, or to outsource it.

These are items that are needed within 2 hours (and usually within minutes because the patient is being seen at that time) Who will be responsible for fulfilling those smaller requests if you outsource the ROI? 

*What other considerations do you need to take into account when making this decision?