This calculator provides a medical practice a starting point to understanding the economic impact of downtime to its operations.
The first section calculates the direct cost for those that would be impacted by the outage based on salary and wages. As a reference, suggested average costs are listed as an hourly rate, based on US Department of Labor statistics.
The “Recovery Cost” section calculates the potential cost to recover the equipment or data. This may include service provider cost, hardware and cost to. The “Intangible and Potential Damages” section may not be as easily calculated but should not be ignored. Depending on the impact, there may be other significant costs including penalties, litigation and lost customers.
Input your information based on the number of employees (number of units) and the cost for each as well as the other fields based on your practice. If you have questions on “your number”, please contact a Healthcare Technology Consultant here.