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Insurers, Providers Could Save $8 Billion by Automating HIPAA Transactions
Healthcare Payer News
Apr. 1, 2016
"Despite increasing use of electronic transactions for eligibility and benefit verifications and claim status inquiries, the industry continues to handle high volumes of these transactions manually. Healthcare providers alone could save more than $5 billion annually by using automated processes to check patients' eligibility and benefits ... On average, ... each manual transaction cost providers and plans $2 more than automated electronic transactions."
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