Question Making the Business Case ( there are 2 cases below where you can make the comparison )

Evaluating business cases will be a valuable tool in your tool kit. You need to develop a sharp eye for technology solutions and business value. Companies will be looking to emerging technologies to address issues moving forward. If you can add value to the companys bottom line you are more likely to be viewed as a valuable asset.

Given the business case examples presented in class, make a comparison across these based on criteria you set up (maybe rubric). Which one would you invest in first and justify your reasons?

For the one you choose to invest in first evaluate the financial justification.

Telehealth The future of doctor visits Problem Statement > Regular doctor visits can be time consuming and costly for both patients and doctors, during this pandemic doctor offices implemented a virtual visit option to their arsenal which not only proved to save them time, but also allowed the practice to maintain operations and keep caring for patients. This also allowed offices to expand their reach by giving patients the chance to schedule visits and not worry about distance, parking, being late, etc. Implementing telehealth also allows physicians to see more patients virtually than they can in person, increasing the practice revenue. If a physician practice does not use virtual visit software they might be losing patients and revenue. Virtual patient doctor's visit time: 16 minutes Virtual average doctor's visit co In Person Visit Breakdown Patient cost per visit: $45.00 Average time spent per physician in a visit: 21 minutes > Average patients seen per day by one physician: 20 Practice physicians working: 5 Physicians working an average 51 hours a week Virtual Visit Breakdown If a practice decided to add virtual visits to its list of service it will require the needed software and virtual rooms: Telehealth Software And SAD.no.winan for 1 year and maintenance) Virtual Visit Breakdown >If a practice decided to add virtual visits to its list of service it will require the needed software and virtual rooms: O o Telehealth Software Average Cost: $24,000.00 (software privilege for 1 year and maintenance) Virtual room monthly cost per user: $35.00 (Doxy.me) () Patient cost per visit: $45.00 Average time spent per physician in a visit: 16 minutes o Average patients seen per day by one physician: 30 Practice physicians working virtually: 5 5 Physicians working an average 51 hours a week Yearly projected revenue breakdown with and without software MARL It Form Ixan X 11 AA ele TV *** Cat Results with telehealth software: Virtual Wits for 1 year projection versus the person Dice visits for rent TU wwwwww th www. Sere 524.000.00 Virtual per 535.00 9 Practicing Tot per year 16.100,00 Patie visie cost 3 $45.00 w Arrege patisen per physics per 30 10 Total day the practice conducts virtual 201 11 Total qualed by physicians via 51.761.750.00 12 Prarti revented by devitalisafirpe SI TE 666 36 Results without relehealth sofware: | arising the sesians Pati Visi SS.CO 19 Avarege patients per plici per day 20 31 Total days be patiences in office is 261 32 Torved by physis doing office 5110 2 24 25 27 Deffere is reveawebpractice the uses tulebeth 5561.150.00 The www www. Impact With Telehealth Software If a practice decided to hire 5 new physicians to conduct virtual visits, revenue for one (1) year can increase by $561,150.00 dollars. The practice will allow its patients the convenience of virtual visits and do more visits a day virtually than in person at the office. The practice would need to spend only $26,100.00 to purchase software and virtual rooms in order to the physicians to conduct the visits. It will take the practice each year about 12 (12.14) days to make back the money it has invested for the software and virtual rooms for a whole year's usage. CONTRACTOR APPLICATION BUILDERTREND BUSINESS CONTEXT CONSTRUCTION, ESPECIALLY FLOORING BUSINESS RESIDENTIAL AND COMMERCIAL PROJECTS ORDERS, LABOR AND INVENTORY MANAGEMENT ACCOUNTING MANAGEMENT BUSINESS PROBLEMS AND ISSUES Hard to track the inventory Lack of a proper installation schedule program Have to pay for an accounting software program Hard to track the installers labor status BUSINESS SOLUTION With the new software program BUSINESS SOLUTION be . With the new software program called BUILDERTREND it is much more easir to run the business since it is a general software and covers all the needed function in this business . It has different sections to input data such as customer information deposit status, order status and delivery date , inventory. scheduling installations ODO COMPARE THE EXPENSES IN BOTH CONDITIONS without using buildertrend Cost of having buildertrend application (expenses per year) customize for an specific flooring company Pay to an accounting company : Subscription cost per year: $48,000 $3600 Pay salary for 2 people to keep track of Salary for a person to manage the the deliveries and orders: inventory and installation schedual: $70,000 $50,000 Pay salary to one person to do the Salary for a person to input the installation schedule and confirm with accounting information and do the installer: $45,000 accounting part of the application $35,000 Average potential lost since there is no ordering and inventory management system : $25,000 Tatal. BENEFITS 3:18 USING THIS APPLICATION SAVES A LOT OF TIME AND MONEY FOR THE BUSINESS OWNERS ALSO IT HELPS THEM AVOIDING POSSIBLE MISTAKES LIKE DUPLICATING ORDERS OR MISSING ORDER INFORMATION AND STATUS AND ALSO HELPS THEM TO TRACK THE INSTALLATION STATUS AND MAKING SURE INSTALLERS ARE GETTING PAID PROPERLY