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Save with electronic transactions

Lower your costs and save time

 

Electronic transactions can save you time. They also cost less than manual ones. This table shows the cost savings for each of seven common transactions.

Cost savings of electronic transactions

Transaction typeManual costElectronic costCost savings per transactionCost savings for 150 transactions
Eligibility and benefit verification$8.57$2.00$6.57$985.50
Authorization (Precertification)$12.88$5.38$7.50$1,125.00
Claim submission$6.33$3.05$3.28$492.00
Attachments$5.54$4.51$1.03$154.50
Claim status inquiry$13.80$3.64$10.16$1,524.00
Claim payment$4.99$3.16$1.83$274.50
Remittance advice$5.67$2.96$2.72$408.00
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Savings estimates are based on the 2024 CAQH Index® From Transactions to Trust: Building Better Care Through Healthcare Automation

 

Access the CAQH index report