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Posts Tagged ' HealthTech'

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The $440 Billion Administrative Burden on Healthcare

For physician practices across the United States, providing care is just one aspect of running a healthcare business. Behind each patient visit is a complex administrative process that includes insurance verification, prior authorization, coding, claims submission, payment processing, and, when necessary, appeals. According to the 2024 CAQH Index, the administrative work across the U.S. healthcare system costs an estimated $440 billion annually, highlighting the significant resources spent on the administrative processes that support healthcare delivery and payment.

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