• Home
  • About
    • Contact
    • Client Survey
  • Services
    • Health Care Reform Navigators
    • Strategic Benefits Planning
    • Employee Benefits >
      • Group Private Exchange
      • Group Medical Plans >
        • Fully-Insured Health Plans
        • Self-Funded Plans
        • Consumer-Driven Plans
        • Cafeteria Plans
        • SHOP Plans
        • RKA Benefits Blend
      • Group Life Insurance
      • Group Disability
      • Group Dental Plans
      • Group Vision Plans
      • Group Voluntary Benefits >
        • Value-Added Services
      • RKA Benefits Blend
    • PEOs - HR Outsourcing
    • Pricing
  • Get Quote
  • Benefits Edge
  • "Bill Please!" Forum
  • Employee Solution
    • Calculators
Rylan Klaseen & Associates
909-243-4886

Benefits Edge

From our team to yours.

Contact Rylan
Rylan Klaseen & Associates

CAQH Calculator Estimates Electronic Health Plan Admin Cost Savings 

7/25/2014

 
"...organizations conducting electronic administrative transactions are reducing time-consuming manual processes and eliminating waste -- which translates into cost savings for your bottom line."
If you're not 100% electronic with your health plan administration already, do you have any idea how much your company could save by getting there?

CAQH, the Council for Affordable Quality Healthcare is a US non-profit organization that collaborates with healthcare providers, trade associations and insurers.to simplify healthcare administration, has created a calculator to help you estimate your potential savings.

The US Healthcare Efficiency Index ("Index") is tracking and measuring the transition from paper- and phone-based to electronic-based administrative transactions.  

They are finding that organizations conducting electronic administrative transactions are reducing time-consuming manual processes and eliminating waste -- which translates into cost savings for your bottom line.
Picture
"The calculator results will display cost savings related to converting entirely (100 percent) or partially (50, 25, and 10 percent) to electronic processing for each transaction."
Use CAQH's interactive calculator below to input your manual transaction volumes so you can estimate potential company cost savings that could be achieved by processing claims and other associated transactions electronically. 

The calculator results will display cost savings related to converting entirely (100 percent) or partially (50, 25, and 10 percent) to electronic processing for each transaction.

Before getting started with the calculator, you will want to identify one or more of the following transaction volumes being processed manually by your organization:

  • Claim Submission
  • Eligibility Verification
  • Prior Authorization
  • Claim Status
  • Claim Payment
  • Remittance Advice
CAQH Interactive Calculator
Savings are based on industry averages from the most recent Index report, as well as adjustments for the current state of the market, such as inflation, salaries and transaction costs.

The calculator returns estimated savings; results should not be considered actual savings. Data entered in the interactive calculator is neither stored nor tracked by the Index or CAQH.

Source: http://www.caqh.org/index_savingscalculator.php 7-25-14 "Estimate Potential Organizational Cost Savings: Transitioning to Electronic Administrative Transactions"

Comments are closed.

    RSS Feed

    Picture
    Rylan Klaseen

    Rylan Klaseen & Associates

    Serving Southern California:
    Tailored Benefits Delivery
    316 W 2nd Street
    Suite 500

    Los Angeles
    CA 90012
    Cell: (909)243-4886

    Archives

    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013

    Categories

    All
    About Rylan Klaseen & Associates
    Affordable Care Act
    Consumer Driven Health Care
    Employee Benefits
    Healthcare Costs
    Healthcare Quality
    Recruiting
    Retention
    Voluntary
    Workplace Wellness

    Stay informed! Subscribe to our mailing list

    * required

    RSS Feed

    Insurance Agents Rancho Cucamonga
    Tweets by @RylanKlaseen
Rylan Klaseen & Associates          Tailored Benefits Delivery          Serving Southern California
316 W 2nd Street, Suite 500, Los Angeles, CA 90012 Cell 909-243-4886