Overview
This article explains how to use the MedMe ROI Calculator to estimate potential revenue growth and time savings from the platform.
Pharmacy teams evaluating MedMe often want a clear estimate of what the platform could mean for their bottom line. This article explains how to use the ROI Calculator to generate that estimate.
Table of Contents
What is the MedMe ROI Calculator?
The MedMe ROI Calculator is a tool that allows a pharmacy to input specific details about its operations and view an estimated return on investment (ROI) from using the platform. It calculates potential revenue increases and time savings based on provincial reimbursement fees and standard time-savings estimates.
Please Note: Results are estimates based on the information entered and provincial reimbursement rates. Actual results may vary depending on the pharmacy's patient volume and operations.
How to Use the Calculator:
Step 1: Access the Calculator
Navigate to the MedMe ROI Calculator at medmehealth.com/ca/pricing#roi.
Step 2: Input the Pharmacy's Data
Enter the following details:
Province: Select the pharmacy's province.
Appointment Type: Fees automatically reflect provincial reimbursement rates, but the fee field can be updated if needed. Click Configure to add additional Appointment Types the pharmacy offers.
Number of Appointments Per Month: Move the slider to reflect how many appointments the pharmacy expects to serve for each Appointment Type. Click the Reset icon at any time to start over.
Pricing Plan: Select the pharmacy's pricing plan.
Time Savings: Select additional time-savings features (e.g., Batch Print, Batch Update) to see the additional time these features can save.
Tip: Adjusting the appointment volume slider updates the results in real time, making it easy to compare different scenarios side by side.
Step 3: Review the Results
The calculator displays two results:
Estimated Monthly Profit: Based on appointment volume and pricing plan cost, this figure represents the potential net new profit the pharmacy can expect by using MedMe to attract patients through Google and the pharmacy's Booking Portal.
Estimated Monthly Time Savings (Hours): This shows the number of hours pharmacists can save each month, allowing them to focus on other value-added tasks.
Reminder: Estimated Monthly Profit already accounts for the selected pricing plan's cost, so the figure reflects the pharmacy's net gain rather than gross revenue.
Troubleshooting
The results don't update after entering data:
Confirm that a province and at least one Appointment Type have been selected. Results won't populate until both fields are filled in.
The fee amount doesn't match expectations:
Fees default to provincial reimbursement rates but can be manually edited in the fee field for any Appointment Type.
Warning: Manually edited fees will affect the accuracy of the Estimated Monthly Profit calculation. Confirm the correct fee before relying on the results for planning purposes.
A needed Appointment Type isn't listed:
Click Configure to add any additional Appointment Types the pharmacy offers.
Conclusion
The MedMe ROI Calculator gives pharmacies a fast way to estimate the revenue growth and time savings the platform could deliver, based on province, Appointment Types, appointment volume, and pricing plan.
For further assistance, contact the MedMe Support Team: care@medmehealth.com