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:
£14.90
Monthly Cost Analysis
Detailed breakdown of monthly time and cost savings
| Task | Users | Manual Process | Manual Cost | DPP Process | DPP Cost | Savings |
|---|---|---|---|---|---|---|
| Financial Reports | 3 | 1 hr | £44.71 | 30 min | £22.36 | £22.35 |
| HR Management | 9 | 30 min | £67.07 | 10 min | £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 Savings |
|---|---|---|---|---|---|---|
|
Financial Report
|
1 | 40 Hrs | £596.15 | 30 Min | £7.45 | £588.70 |
|
HR Audit
|
9 | 1 Hr | £134.13 | 10 Min | £22.36 | £111.77 |
|
Complainces Audit
|
1 | 24 Hrs | £357.69 | 6 Hrs | £89.42 | £268.27 |
| Annual Total | — | — | £1,087.97 | — | £119.23 | £968.74 |
Return on Investment Analysis
Manual vs DPP analysis
| Cost Analysis | |
|---|---|
| Manual Cost | £111.78 |
| DPP Saved Cost | £67.07 |
| Net Monthly Benefit | £–44.71 |
| Time Efficiency | |
|---|---|
| Manual Time | 90min |
| DPP Saved Time | 50min |
| Efficiency Improvement | 55.56% |
Yearly Cost Comparison
Based on given data
|
Yearly Cost
|
£1,341.35 | — | £536.54 |
|---|---|---|---|
| Yearly Fix Cost | £1,087.98 | — | £119.23 |
| Yearly DPP Cost | — | — | £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 £31,000 so hourly rate will be £14.90, 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.