The standards establish how healthcare providers can use electronic systems to determine a patient’s eligibility for health coverage and check on a health claim status, according to the release.
“The less time a physician has to spend on paperwork is that much more time that can be devoted to patient care,” CMS Acting Administrator Marilyn Tavenner said in the release. “Having standardized procedures across the healthcare industry can only lead to lower costs and greater efficiencies all around.”
Related Articles on Hospital Administrative Costs:
5 Hospital Trends to Watch in 2012
10 Ways for Hospitals and Health Systems to Increase Profitability in 2012
Dr. Ezekiel Emanuel: Billing, Administrative Costs Waste Billions of Dollars
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
