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)

Learn more about electronic transactions

Learn about electronic claims submission

Learn about electronic eligibility, claims status and precertification

Claims remittance advice (ERA) and claims payment (EFT)

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