Question

Do you think your will lose money once he starts submitting only electronic claims?support your answer with evidence.

Answer 1

According to a recent report from the Coalition for Affordable Quality Healthcare (CAQH), physicians and other healthcare providers have underutilized electronic transactions that could save them billions of dollars. Thus submitting only electronic claims will lead to the saving of the dollars rather than losing them. According to the CAQH projections the healthcare providers and facilities alone could save more than $3.5 billion from electronic eligibility verification and approximately $1.5 billion from electronic prior authorization transactions. Thus we will not lose money once we start submitting only electronic claims.