“Ang mahal naman! I can get a similar program for Php90,000 and that’s one time.”
It’s pretty common to think that a subscription is more expensive than a one time payment since you are paying month to month or year to year.
What’s pretty uncommon is actually looking at the subscription’s return on investment or ROI.
With the 800+ doctors I’ve spoken to so far 1 on 1, I’ve learned that it’s a pretty common mindset.
Those with eye centers or part of medical groups typically focus on the ROI side but for doctors mainly doing their own private practice, it’s rarer to get reactions about how cheap our product is.
The automatic mindset is that it’s a cost and that’s automatically a red flag to run. 😉
Yes, it is a cost but a cost that has implications on increased revenue.
It’s just that the “subscription” style is just a bit too scary for many.
Look at it this way, you have a landline at home. You’re paying Php 800+ for it each month but you use it maybe once or twice a month. It doesn’t have ROI at all. In the office, you have a landline that’s probably around 1500 a month but it’s worth it because it generates business for you. That’s a subscription.
You have cable TV, it’s mainly for entertainment but you get to really use it at most once a week. You think it’s worth it. That’s a subscription. No ROI.
You have a gym subscription of 2000 a month, you go about 2 times a week. Sometimes, you go a full month just going once a week. You think it’s worth to keep it for your health.
You have a subscription to iCloud. You think it’s necessary because it stops your iPhone from bugging you about your storage being almost empty.
SeriousMD is also a subscription. It helps your practice, it helps you offer better care to your patients, it helps give you peace of mind as your backups are done automatically, it brings in an increase in follow ups, new patients via the online appointments page and of course, an increase in revenue.
Ultimately, SeriousMD gives you more time for things you love to do and more time with the people you love. We think that’s worth even more than just ROI.
SeriousMD is a SaaS, aka Subscription as a Service, which means what you are paying for is not just to be able to use the software, but also the actual service which includes support, data backups, security, storage and the continuous improvements & advancements of the app.
- If you paid for a software with a 1 time fee, more often than not, that’s actually it, you won’t get new updates. You’d have to pay again, usually around the same amount to get the new version.
- Backups are done manually if the software even gives you a way to backup. Some even offer annual “maintenance” fees which is essentially a subscription just so you can ask questions.
- Your data is also stuck in your computer, which beats the purpose of an EMR that you can use in all your clinics or during your rounds.
As you can see, a SeriousMD subscription is actually cost effective and if you really look at it, it’s actually really affordable for what you get.
And that’s it! I just wanted to put up a quick blog post to address this, just like our FAQ post.
If you are a SeriousMD user and have friends that are worried with a subscription vs. a regular “one time” fee, then do share this to them.
If you have other questions, I’m always here to help you out, just send me a message!