Nationwide EDI system can trim administrative costs.
Administrative costs related to the healthcare industry can be reduced dramatically through implementation of a nationwide electronic data interchange (EDI) system. Estimates suggest that such a system could trim $73 billion from the $220 billion spent annually in the United States on healthcare administrative costs by automating 11 transactions traditionally performed manually. The greatest potential for cost savings lies in the electronic conversion of enrollments, submissions, and payments.
George Washington University, Washington, DC, USA.
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Eastaugh
D003195:Computer Communication Networks / Q000191:economics*; D017046:Cost Savings / Q000706:statistics & numerical data*; D006761:Hospitals; D007348:Insurance, Health; D010820:Physicians; D014481:United States