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.
Transaction type |
Manual cost | Electronic cost |
Cost savings per transaction |
Cost savings for 150 transactions |
|---|---|---|---|---|
| Precertification requests | $10.26 | $3.64 | $6.62 | $993.00 |
| Eligibility & benefits verification | $5.83 | $0.82 | $5.01 | $751.50 |
| Claim status inquiry | $9.37 | $1.10 | $8.27 | $1240.50 |
| Claim remittance advice | $3.96 | $0.94 | $3.02 | $453.00 |
| Claim submission | $2.52 | $1.19 | $1.33 | $199.50 |
| Claim payment | $3.18 | $1.19 | $1.99 | $298.50 |
| Attachments | $5.10 | $1.50 | $3.60 | $540.00 |
Savings estimates are based on the 2020 CAQH Index® Closing the Gap: The Industry Continues to Improve, But Opportunities for Automation Remain. View the report
Learn more about electronic transactions
Learn about electronic claims submission
Learn about electronic eligibility, claims status and precertification