ROI Calculator
How do you know if you should invest money on the DPP portal in your dental practice?
For most business people, the task of calculating and analysing return on investment (ROI) is a straightforward but necessary way of business life. Whether the investment is being made in equipment, a new surgery room or people, the need to understand whether an investment has been worthwhile is one of the first rules of business. Well the good news is that with DPP you don’t have to rely on your gut instincts for these important decisions.
DPP Price per user/month:
£5.69
Average hourly rate:
£23.55
Monthly Cost Analysis
Detailed breakdown of monthly time and cost savings
| Task | Users | Manual Process | Manual Cost | DPP Process | DPP Cost | Cost Savings | Time Savings |
|---|---|---|---|---|---|---|---|
| Financial Reports | 3 | 1 hr/user | £44.71 | 30 min/user | £22.36 | £22.35 | |
| HR Management | 9 | 30 min/user | £67.07 | 10 min/user | £22.36 | £44.71 | |
| Monthly Total | — | — | £111.78 | — | £44.72 | £67.06 |
Yearly Cost Analysis
Annual compliance and administrative cost comparison
| Task | Quantity | Manual Time | Manual Cost | DPP Time | DPP Cost | Annual Cost Savings | Annual Time Savings |
|---|---|---|---|---|---|---|---|
|
Financial Report
|
1 | 2 hrs/user | £596.15 | 30 min/user | £7.45 | £588.70 | |
|
HR Audit
|
9 | 1 hr/user | £134.13 | 10 min/user | £22.36 | £111.77 | |
|
Complainces Audit
|
1 | 24 hrs/user | £357.69 | 6 hrs/user | £89.42 | £268.27 | |
| Annual Total | — | — | £1,087.97 | — | £119.23 | £968.74 |
Yearly Cost Comparison
Based on given data
|
Yearly Cost
|
£1,341.35 | £536.54 |
|---|---|---|
| Yearly Fix Cost | £1,087.98 | £119.23 |
| DPP Yearly Subscription | — | £614.52 |
| Total | £2,429.33 | £1,270.29 |
| Saving | £1,159.04 |
Definitions
Practice: Number of practices you have.
Dentists & Hygienists: Number of Dentists & Hygienists you have.
Staff: Number of Staff you have.
Hourly Rate: If a manager’s salary is £48,984 so hourly rate will be £23.55, it can vary from practice to practice.
Manually: Calculate on paper.
Hours: Spending time in hours.
Financial Report(info): End of year income breakdown (Cash, Card and Cheque payment) of practice for each Dentists & Hygienists.
HR Audit(info): Check all staff information and documents.
Compliance Audit: Check all practice’s compliance documents.
Monthly Cost: Monthly cost for 12 months.
Yearly Cost: Yearly cost is fixed cost.
For most business people, the task of calculating and analysing return on investment (ROI) is a straightforward but necessary way of business life.
Whether the investment is being made in equipment, a new surgery room or people, the need to understand whether an investment has been worthwhile is one of the first rules of business.
Well the good news is that with DPP you don’t have to rely on your gut instincts for these important decisions.
Why Calculate the ROI of Dental Practice Software?
Software should not be evaluated solely on its subscription price. The total financial impact can also include the staff time required to manage manual processes, administrative duplication, reporting, compliance tasks and information stored across spreadsheets or paper records.
DPP brings financial management, HR, compliance and professional information into a single cloud-based platform. This can help practices reduce fragmented administration and improve access to operational information.
The ROI calculator provides a starting point for evaluating these potential benefits using your own practice information.
ROI, or Return on Investment, measures the financial benefit generated by an investment compared with its cost. In dental practice management, ROI can include savings from reduced administrative work, improved staff efficiency and lower manual processing costs.
A basic ROI calculation is: ROI = (Net Benefit ÷ Investment Cost) × 100 To calculate software ROI, compare the measurable financial benefits generated by the system with the total cost of using it over the same period.
The payback period is the estimated amount of time required for the financial savings generated by software to recover its cost. A shorter payback period means the investment may recover its cost sooner.
No. ROI measures the return generated by an investment, usually as a percentage. Payback period measures how long it takes to recover the investment cost.
Yes. Administrative time savings can form part of an ROI calculation when the recovered time has a measurable financial value. The value can be estimated using the relevant staff member's hourly employment cost.
Yes. The DPP ROI Calculator compares estimated manual administration costs with DPP costs and provides monthly and yearly cost comparisons, including potential annual savings.