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Posted: October 6th, 2022
Return of Investment (ROI)
ROI
ROI
Return of Investment (ROI) is a carried out to measure and consider the returns made in an funding by measuring the funding relative to the associated fee of the funding (CFI Schooling Inc., 2020). The well being group performed a purchase order of EHR software program for a gaggle of 15 suppliers with every supplier supplied with one software program that prices $25,000. The one time implementation price per supplier at a price of $10,000. The annual upkeep price related to EHR is estimated to be 18% of the acquisition value utilized after the primary 12 months. The one financial profit thought of is that every doctor will earn $44,000 as incentive (one time solely). Subsequently, there may be must estimate the ROI (%) on the finish of 5 years for a gaggle of 15 suppliers.
The ROI will be obtained by way of the formulation:
ROI = ((Achieve from Investment – Value of Investment) / (Value of Investment)) x 100.
The price of funding will embody the acquisition value, one time implementation price, and upkeep price for 4 years.
Buy value: $25,000 x 15 = $375,000
One time implementation price: $10,000 x 15 = $150,000
Annual upkeep price: ((18% x $375,000) / (100%)) x 4yrs = $270,000
reTherefore, Value of Investment = $375,000 + $150,000 + $270,000
Value of Investment = $795,000
The price acquire from funding is that every doctor earns a $44,000 just one time
Achieve from Investment = $660,000.
Subsequently, the ROI = (($660,000 – $795,000) / ($795,000)) x 100
ROI = -16.98%
Subsequently, primarily based on the ROI (%) on the finish of 5 years which is -16.98% for a gaggle of 15 suppliers, the well being group is ready to make an funding loss of $135,000.
References
CFI Schooling Inc. (2020). Return on Investment (ROI). Retrieved from https://corporatefinanceinstitute.com/sources/information/finance/what-is-return-on-investment-roi/
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