Increasing Automation of Claims-Related Business Transactions Would Save Healthcare $11.1 Billion Annually
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The CAQH Index is the industry source for tracking health plan and healthcare provider adoption of electronic administrative transactions for both medical and dental care. It calculates the industry, health plan and provider cost savings opportunity and reports the time required for providers to complete common administrative transactions. These include verifying a patient's insurance coverage, sending and receiving payments, inquiring about the status of a claim and obtaining prior authorization for care. Medical and dental plans covering about half of commercially insured lives contributed data and insights for the report, as did a number of providers.
Keywords for this news article include: CAQH, Dentistry, Managed Care, Health and Medicine.
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