The True Cost of Medical Record Retrieval: Beyond the Copy Fees
Shere Saidon
CEO & Founder at LlamaLab
When law firms evaluate their medical record retrieval costs, they often focus solely on copy fees. However, the true cost extends far beyond these basic expenses, significantly impacting your firm's profitability and efficiency. Understanding these hidden costs is crucial for law firms looking to optimize their operations and improve their bottom line.
Hidden Costs You Might Be Missing
1. Staff Time and Labor
Your support staff spends countless hours managing the retrieval process. This includes making multiple follow-up calls to providers, sending repeated request forms, and maintaining detailed tracking logs. Once records arrive, staff must organize and review them, create comprehensive chronologies, and manage ongoing provider relationships. These tasks often consume 3-4 hours per case, taking valuable time away from other critical responsibilities.
2. Attorney Review Inefficiencies
When attorneys receive disorganized or incomplete records, they waste billable hours searching for specific information and cross-referencing between multiple providers. Creating accurate case timelines becomes a time-consuming puzzle, especially when dealing with multiple facilities and years of medical history. This inefficiency not only impacts your firm's revenue but can also delay case progression and settlement negotiations.
3. Opportunity Costs
Perhaps the most significant hidden cost is the opportunity cost of delayed case progression. When medical record retrieval takes weeks or months, it creates a domino effect: cases move slower, settlement negotiations get postponed, and your firm's overall case throughput decreases. Additionally, when highly skilled legal professionals spend time on administrative tasks, they're unable to focus on strategic case work that drives value for your clients.
Calculate Your Firm's True Costs
Understanding your actual costs is the first step toward optimization. Use our interactive calculator to discover your potential savings:
The Impact on Your Bottom Line
The real cost of medical record retrieval extends throughout your entire operation. Consider these typical expenses:
Your paralegals, billing at an average of $65/hour, might spend 3-4 hours per case managing record requests and organization. Attorney review time, at an average of $500/hour, adds significant costs when inefficient processes require additional hours of document review. Add to this the direct costs of copy fees, ranging from $25-100 per provider, plus the administrative overhead of managing the entire process.
Take Action
Ready to understand your firm's true retrieval costs? Here's how to get started:
- Use our calculator above to analyze your current expenses and identify potential areas for savings
- Schedule a consultation with our team to discuss your results and explore optimization strategies
- Discover how modern solutions can reduce these hidden costs and improve your firm's efficiency
Contact Us to learn more about optimizing your medical record retrieval process and transforming your firm's workflow.
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