With Health Gorilla, {Company name} could earn

$500,000

in additional annual revenue.

Numbers at a glance

$152,600

from redirecting time from manual data retrieval toward patient care

+

$163,200

from redirecting time from quality reporting, coding, and billing toward patient care

+

$226,200

from decreased claim denials as a result of submitting complete documentation

{Company name} may be able to capture $152,600 in additional annual revenue by automating medical record retrieval.

Assumptions

Our customers reported saving an average of 4.5 hours per provider weekly by eliminating the need to manually retrieve medical records. Those hours saved could now be redirected towards patient care. For this calculation, we assume providers delivering care on behalf of your organization will spend these saved 4.5 weekly hours to see more patients, and that based on industry averages for in-person care, each provider spends roughly 30 minutes with each patient and can see 2 patients an hour.

Inputs

Your organization has 100 providers. With Health Gorilla, they could each save 4.5 hours a week and could spend those hours seeing additional patients at the average revenue per encounter of $120. With these inputs, your organization could generate a net new $200,000 annually by deploying Health Gorilla across your provider base.

Formula

100 providers × 4.5 hours saved weekly per provider × 52 weeks in a year × 2 additional patient visits for every hour saved × $120 average revenue per encounter = $XXX

By saving time on quality reporting, coding, and billing, you may be able to generate net new $163,200 in annual revenue.

Assumptions

Industry reports claim that providers spend the time equivalent of seeing nine patients reporting on quality measures, coding, and billing weekly. In a survey conducted in 2023, Health Gorilla customers reported saving 4 hours per provider weekly on quality reporting, coding, and billing. If your organization's providers spend those hours seeing additional patients, based on industry averages for in-person care, each provider could spend roughly 30 minutes with a patient and can see 2 patients an hour.

Inputs

Your organization has 100 providers. Each provider could save 4 hours a week and spend that reclaimed time seeing additional patients at $120 revenue per encounter. As a result, we estimate that your organization could generate net new $200,000 annually from using data from Health Gorilla to expedite these workflows.

Formula

100 providers × 4 hours saved weekly per provider × 52 weeks in a year × 2 additional patient visits for every hour saved × $120 average revenue per encounter = $XXX

Denied claims cost organizations billions every year. By submitting complete documentation retrieved from Health Gorilla, you may be able to capture $226,200 worth of claims that would have otherwise been lost.

Assumptions

Reports state that 30% of claims are denied for incomplete documentation and improper coding, causing a substantial loss in potential revenue. With complete clinical documentation through Health Gorilla, our customers reported a notable 25% decrease in denied claims. We assume your organization could achieve comparable results.

Inputs

Based on your average revenue per encounter of $120 and patient roster size of 3,000, we estimate that your organization could recover $XXX in claims.

Formula

2 encounters per patient per year × 3000 patients × $100 avg. revenue per encounter × 0.35 claims denied today × 0.25 of those claims now recovered = $XXX

By leveraging comprehensive patient data to improve outcomes, your organization may be able to increase value-based revenue by $XXX.

Assumptions

With complete, real-time clinical data through Health Gorilla, our customers reported a 27% increase in their revenue derived from their value-based care arrangements. Providers could use data from Health Gorilla to intervene in the patient’s care proactively, prevent re-admissions, and manage patients in a lower cost setting, resulting in better outcomes and higher annual revenue per patient.

Inputs

Based on your average annual revenue per patient of $120 and patient roster size of 3,000, we estimate that your organization could increase value-based revenue by $XXX in the next year.

Formula

3000 patients × $100 avg. annual revenue per patient × 0.27 increase in value-based revenue due to improved care = $XXX

By accessing complete data upfront, {Company name} could offer a differentiated patient experience, generating net new $XXX.

Assumptions

Integrating comprehensive data on every patient can improve patient satisfaction by 15%, eliminating their need to fill out lengthy forms or recount their medication list or surgical history. By making complete patient data available to providers, we assume that your organization could share in the value created for patients through a 3% subscription fee increase.

Inputs

Your average monthly revenue per user is $120 and consumer subscriber count is 5,000. By sharing in the value created for patients through a subscription price increase, we estimate that your organization could increase annual revenue by $XXX.

Formula

5,000 consumers subscribed × $120 monthly revenue per user × 12 months in a year × 0.03 increase in monthly subscription fees = $XXX

By enabling providers to spend more time with patients, your organization may be able to increase retention, resulting in $XXX in additional annual revenue.

Assumptions

Health Gorilla’s customers reported higher patient retention rates due to superior, personalized care based on a comprehensive longitudinal clinical history. We assume that Health Gorilla could improve your consumer retention rates by 5%.

Inputs

Your annual consumer retention rate is 95%, and 5,000 consumers are subscribed to your service at an annual subscription price of $120. By improving your consumer retention by 5%, your organization would generate net new $20,000 annually.

Formula

95% retention rate × 5% improvement in retention rate × 5,000 consumers subscribed × $120 monthly revenue per user × 12 months in a year = $XXX

By accelerating your subscriber growth rate, you could generate an additional $XXX in annual revenue.

Assumptions

In a survey conducted in 2023, Health Gorilla customers reported advantages leveraging unique data-driven functionality that can accelerate your growth rate. We assume that your organization can achieve a 30% increase to your existing consumer growth rate by deploying Health Gorilla across your clinical team and promoting a data-driven, streamlined care delivery service.

Inputs

Your annual consumer growth rate is 12%, and your average annual revenue per user is $120. By improving your current growth rate by 30% with Health Gorilla, your organization could generate a net new $20,000 annually.

Formula

12% annual consumer growth rate × 30% increase due to Health Gorilla × 5,000 consumers subscribed × $120 monthly revenue per user × 12 months in a year = $XXX.