Healthcare DIVE November 14, 2019
Dive Brief:
- Medical practices spend $2.76 billion annually updating information in a multitude of provider directories — or an average $998.84 per month, per practice, according to a new whitepaper from CAQH. The alliance of health plans including Anthem, UnitedHealth and others creates electronic processes to streamline common administrative tasks.
- By updating information using a single data interface, medical practices would save at least $1.1 billion annually — or $4,746 per medical practice, the group said.
- The cost of directory updates varies by region. The Northeast had the highest per-practice, per-month cost ($1,245.60), followed by the South ($976.51), Midwest ($931.16) and West ($808.18), according to the report.
Dive Insight:
Errors in network directories cause problems for providers, payers...
Today's Sponsors
Today's Sponsor