Cost 7: Opportunity Costs of Paper

Cost 7: Opportunity Costs of Paper

by | Aug 28, 2024 | Uncategorized

When we make decisions, the first thing we think about is what the decision will cost us today, and what benefits we get today. It’s a balancing act. Opportunity costs are the potential benefits we miss out on in the future. These aren’t what we immediately think...
Cost 6: Compliance Costs of Paper Systems

Cost 6: Compliance Costs of Paper Systems

by | Aug 21, 2024 | Uncategorized

While supporting clients is what got providers into the business, compliance costs are what drive most of the overhead costs. We’ve already dug through the physical costs of paper and the labor costs of handling paper. So what do we mean by compliance costs? For...
Cost 5: Storage Costs of Paper Systems

Cost 5: Storage Costs of Paper Systems

by | Aug 15, 2024 | Uncategorized

This week, we’re diving into Cost #5: Storage. Storage can be out of sight and out of mind… until you need that one hidden document. So what else about storage might be out of sight? Let’s dive in! Costs of Physical Space This is a major cost. Most agencies.....
Cost 4: Time Loss of Paper Systems

Cost 4: Time Loss of Paper Systems

by | Aug 7, 2024 | Uncategorized

Welcome back to the 9 Costs of Paper Systems in HCBS! This week, we’re diving into Cost #4: Time Loss. Time wasters hurt agencies in at least three ways. First, they obviously waste valuable time. Second, they’re extremely frustrating. Third, they happen over...
Cost 3: Service Costs of Paper Systems

Cost 3: Service Costs of Paper Systems

by | Jul 31, 2024 | Uncategorized

Welcome back! This week, we’re diving into Cost #3: Service Costs. Service costs are easily forgotten. Sometimes the costs are outright, like a shredding service. Other times, it may be merged with another cost, like the extra cost of insuring paper records is hidden...