A recent report from the Council for Affordable Quality Healthcare (CAQH) shows that approximately one-third of healthcare spending across the U.S. is related to healthcare administration rather than the actual patient care being provided. Seem impossible? Not to those who understand the burdens of paperwork, record-keeping and payment coordination that goes on behind the scenes.
According to the 2020 CAQH Index, $372 billion is spent on administrative complexity and $39 billion, or 10 percent of that total, is spent conducting administrative transactions. The report, which includes data related to the medical and dental industries, points out that, of that $39 billion, the medical industry could save $13.3 billion by transitioning to fully electronic administrative transactions.
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