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.
Transaction type |
Manual cost | Electronic cost |
Cost savings per transaction |
Cost savings for 150 transactions |
---|---|---|---|---|
Precertification requests | $10.92 | $1.88 | $9.04 | $1356.00 |
Eligibility & benefits verification | $5.30 | $1.18 | $4.12 | $618.00 |
Claim status inquiry | $6.56 | $2.37 | $4.28 | $642.00 |
Claim remittance advice | $3.76 | $1.21 | $2.55 | $382.50 |
Claim submission | $3.30 | $0.97 | $2.33 | $349.50 |
Claim payment | $2.51 | $1.51 | $1.00 | $150.00 |
Attachments | $4.50 | $2.33 | $2.17 | $325.50 |
Saving estimates are based on the 2019 CAQH Index® Conducting Electronic Business Transactions: Why Greater Harmonization Across the Industry is Needed. View the report
Learn about electronic claims submission
Learn about electronic eligibility, claims status and precertification
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