More healthcare organizations are turning to FHIR®1 and Cloud-based hosting to achieve their digital transformation goals. Building out an Information Technology (IT) team and the infrastructure required for digital transformation comes with significant costs—costs that can be avoided with Smile Managed Services. 

Discover your saving potential below. Please note, this is assumed for an organization with 1 million members and/or patients:

AT A GLANCE

EMPLOYEE ANNUAL EXPENSES

$1.2 Million

EMPLOYEE BENEFITS

$245,000

ADMINISTRATIVE OVERHEAD

$74,000

INFRASTRUCTURE COSTS

$170,000

SECURITY, MONITORING AND MANAGEMENT TOOLS

$34,000

FHIR SERVER LICENSE COSTS

Up to $700,000

1. EMPLOYEE ANNUAL EXPENSES - $1,227,2752

 You will need more than $1.2 million to hire a team of FHIR and Cloud experts who can support your technical backbone, inside-out.

image (14)
icon 2

2. EMPLOYEE BENEFITS - $245,455

Employee benefits are on average between 20% and 40% of their annual base salary, with the low end adding more than $245,000 to your bucket of costs. 

3. ADMINISTRATIVE OVERHEAD - $73,636

The industry standard of administrative overhead is 5% of the team’s overall annual salary, adding an additional $73,636.

4656 - MS number 3 icon
4656 - MS number 4 icon

4. INFRASTRUCTURE COSTS - $170,000

For deploying in the cloud with various environments for 1 million users, you will need to spend about an additional $170,0004. 

5. SECURITY, MONITORING AND MANAGEMENT TOOLS - $34,000

On average, security, monitoring and management tools account for 20% of your infrastructure costs—adding $34,000 to your cost bundle.

4656 - MS number 5 security icon
4656 - MS number 6 icon

6. FHIR SERVER LICENSE COSTS - up to $700,000

Although enterprise FHIR server licensing cost varies by vendor pricing models, typically ranging between $500,000 and $700,0005, deploying a reliable and fully-functional model can add a total of $700,000 for this critical piece.

This results in a spend upwards of $2,450,000 annually to achieve a FHIR-based digital transformation.

Smile Managed Services can reduce operational costs for your organization by up to 68%.

Want Your Exact ROI?

Get your cost-savings estimate with our Smile Managed Services Value Calculator now

Footnotes:

1. Health Level 7 (HL7®) Fast Healthcare Interoperability Resources (FHIR®)

2. AON Radford Global Compensation Data, benchmarks are filtered and compared to companies in the hospital/healthcare tech industry, with over 1,000 employees

3. Full-time equivalent

4. Average Pay-as-you-Go pricing from Cloud Service Providers like Amazon AWS, Microsoft Azure, with a million users and for 3 environments

5. Industry standard PMPY License Cost for FHIR integration platform