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 | $10.92 | $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
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