Advanced Pharmacy System has a full understanding that each and every hospital has their own particular requirements and needs that will fulfill their daily workflow. APS will make each account with hospitals customizable to their circumstantial demands.
Estimated Cost to Staff General Hospital
Base Salary = $99,693 (73.5%)
Bonuses = $279 (0.2%)
Social Security= $7,648 (5.6%)
401k/403b = $3,599 (2.7%)
Disability = $1,000 (0.7%)
Healthcare = $5,722 (4.1%)
Pension= $4,599 (3.4%)
Time Off = $13,073 (9.7%)
Grand total for one pharmacist/ year = $135,613.00
Hours of coverage needed per month = 544
Pharmacists needed for coverage per month =3.4
GRAND TOTAL TO STAFF PER YEAR = $461,084.20
Annual Cost with APS to staff per year =$163,200.00
UTILIZING APS REMOTE ORDER ENTRY SERVICES RESULTS IN A SAVINGS OF
$297,884.42
APS took a general hospital we provide remote order entry services and how many hours (544) of estimated coverage they need these services. With the estimated hours this general hospital would need, it would require 3.4 pharmacists to cover. Based on the particular geographical location the base salary the hospital pays for each pharmacist is $135,613/year, totaling a grand total of $461,084.20/year for 3.4 pharmacists. The average annual cost for APS to provide remote order entry for this hospital is $163,200 and we therefore save this hospital around $297,884.42/year.