AHA - American Hospital Association

02/02/2023 | News release | Distributed by Public on 02/02/2023 14:31

Report: Health care administrative transactions cost $18B more last year

The U.S. health care system spent $60 billion conducting nine common administrative transactions in 2022, about $18 billion more than the previous year due to higher staffing costs and health care use, according to the latest annual CAQH Index. Fully transitioning to nine HIPAA electronic transaction standards could reduce annual transaction costs by $22.3 billion, the authors estimate.