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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. The table below shows the cost savings for each of seven common transactions.

Cost savings of electronic transactions

 

Transaction type

Manual cost

Electronic cost

Cost savings per transaction

Cost savings for 150 transactions

Precertification requests

$10.95

$3.43

$7.52

$1128.00

Eligibility & benefits verification

$11.52

$0.95

$10.57

$1585.50

Claim status inquiry

$13.66

$1.54

$12.12

$1818.00

Claim remittance advice

$4.94

$1.31

$3.63

$544.50

Claim submission

$3.96

$1.04

$2.92

$438.00

Claim payment

$3.64

$1.68

$1.96

$294.00

Attachments

$4.43

$1.33

$3.10

$465.00

Transaction type

Precertification requests

Manual cost

$10.95

Electronic cost

$3.43

Cost savings per transaction

$7.52

Cost savings for 150 transactions

$1128.00

Transaction type

Eligibility & benefits verification

Manual cost

$11.52

Electronic cost

$0.95

Cost savings per transaction

$10.57

Cost savings for 150 transactions

$1585.50

Transaction type

Claim status inquiry

Manual cost

$13.66

Electronic cost

$1.54

Cost savings per transaction

$12.12

Cost savings for 150 transactions

$1818.00

Transaction type

Claim remittance advice

Manual cost

$4.94

Electronic cost

$1.31

Cost savings per transaction

$3.63

Cost savings for 150 transactions

$544.50

Transaction type

Claim submission

Manual cost

$3.96

Electronic cost

$1.04

Cost savings per transaction

$2.92

Cost savings for 150 transactions

$438.00

Transaction type

Claim payment

Manual cost

$3.64

Electronic cost

$1.68

Cost savings per transaction

$1.96

Cost savings for 150 transactions

$294.00

Transaction type

Attachments

Manual cost

$4.43

Electronic cost

$1.33

Cost savings per transaction

$3.10

Cost savings for 150 transactions

$465.00

 

Savings estimates are based on the 2021 CAQH Index® Working Together: Advances in Automation During Unprecedented Times
 

View the report (PDF)

 

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