PR Newswire February 3, 2021
Costs for electronic processing have decreased as costs for manual and partially electronic transactions have increased, resulting in opportunities for future savings
WASHINGTON — CAQH today released the eighth annual report measuring the progress made by healthcare payers and providers in automating administrative transactions. The 2020 CAQH Index found that, of the $372 billion widely cited as the cost of administrative complexity in the US healthcare system, the industry can save $16.3 billion by fully automating nine common transactions. This savings opportunity is on top of the $122 billion in costs the healthcare industry has avoided by streamlining administrative processes. Levels of automation have increased for both the medical and dental industries since the last report, while...
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