What 8 manual tasks cost the healthcare industry per transaction

In total, the healthcare industry could save $13.3 billion if eight administrative tasks in the revenue cycle were no longer completed manually, according to an analysis from the nonprofit CAQH.

Here's what CAQH found eight common administrative tasks cost the healthcare industry per transaction:

1. Claim status inquiry: $10.13 
2. Prior authorization: $14.24
3. Eligibility and benefit verification: $8.77 
4. Attachments: $5.06
5. Claim submission: $4.22 
6. Remittance advice: $4.22
7. Claim payment: $3.18
8. Coordination of benefits: $1.05

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