For its report, CAQH reviewed automation, spending and savings opportunities among eight administrative transactions related to verifying patient insurance and cost sharing, preauthorization, claim submissions and payment processes.
CAQH found of the $13.3 billion in savings automation could bring, $9.9 billion in savings could come from medical plans and providers, while $3.4 billion could be realized in the dental industry. Providers would save more than health plans, according to CAQH.
For the full report, click here.
More articles on healthcare finance:
Missouri hospital abruptly closes, misses payroll
State-by-state breakdown of 120 rural hospital closures
32 things to know about CHS, Tenet, HCA and UHS
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
