Report: Fully adopting transactions standards could save $16.3 billion a year
The U.S. health care system saves an estimated $122 billion annually by automating administrative transactions but could save $16.3 billion more by transitioning to fully electronic transactions, according to the latest annual CAQH Index.
Based on surveys of health plans and providers in 2019, before the COVID-19 pandemic, the index tracks automation, spending and savings opportunities for administrative transactions related to related to verifying insurance coverage, obtaining authorization for care, submitting a claim and supplemental information, and sending and receiving payments.
Related News Articles
Headline
Secretary of Health and Human Services Robert F. Kennedy Jr. testified in additional Senate hearings April 22 on the fiscal year 2027 HHS budget proposal,…
Headline
Secretary of Health and Human Services Robert F. Kennedy Jr. April 21 testified in two hearings on the proposed fiscal year 2027 HHS budget, which requests $…
Headline
An AHA blog published March 24 responds to a recent KFF brief on the role of hospital care in recent health care spending growth. It explains why hospital…
Headline
The Senate last night failed a fifth time to adopt the House-passed continuing resolution to fund the federal government, continuing the government shutdown.…
Headline
The Centers for Medicare & Medicaid Services estimated national health spending grew 8.2% in 2024 and expects a 7.1% increase in 2025, the agency reported…
Headline
Secretary of Health and Human Services Robert F. Kennedy Jr. today appeared before the House Energy and Commerce Subcommittee on Health for a hearing to…