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 six common transactions.
Transaction type |
Manual cost | Electronic cost |
Cost savings per transaction |
Cost savings for 150 transactions |
|---|---|---|---|---|
| Precertification requests | $5.75 | $2.55 | $3.20 | $480.00 |
| Eligibility & benefits verification | $2.84 | $0.67 | $2.17 | $325.50 |
| Claim status inquiry | $5.26 | $1.63 | $3.63 | $544.50 |
| Claim remittance advice | $4.82 | $1.13 | $3.69 | $553.50 |
| Claim submission | $2.46 | $0.63 | $1.83 | $274.50 |
| Claim payment | $1.59 | $1.19 | $0.40 | $60.00 |
Saving estimates are based on the 2017 CAQH Index®: A Report of Healthcare Industry Adoption of Electronic Business Transactions and Cost Savings. View the report.
Calculate your savings
To estimate your savings by switching to electronic transactions, use the CAQH® calculator on its website.
Learn more about electronic transactions
Learn about electronic claims submission
Learn about electronic eligibility, claims status and precertification