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
More articles on healthcare finance:
Bon Secours to close Kentucky hospital, affecting 1,000 employees
Trump ‘going to look’ at Medicare cuts
Medicare to cover acupuncture for chronic low back pain
