MCOL January 24, 2020
CAQH has released their seventh annual report – the 2019 CAQH Index – which measures “the progress made by the healthcare industry in reducing the costs and burden associated with administrative transactions through automation. Their 49-page report found that “of the $350 billion dollars widely cited as the cost of administrative complexity in the US healthcare system, $40.6 billion is spent on eight administrative transactions. Of that, the industry can save $13.3 billion, or 33 percent of existing annual spend, by transitioning to fully electronic processes.”
Regarding the $13.3 billion in potential savings through automation, the report tells us “$9.9 billion can be saved by the medical plans and providers, while $3.4 billion can be saved by the dental...
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