There has arguably never been a time like this before in healthcare—when receiving maximum reimbursement for every patient is critical.
Price transparency has always been a persistent issue in healthcare. When patients don’t understand what they are being charged and what they will owe it leads to financial stress on the patient and the possibility of not being able to pay their medical bills.
As we work our way up the COVID-19 curve and expect confirmed cases to rapidly increase, healthcare providers are looking at telehealth in an effort to keep patients in their homes.
The CAQH Index is a detailed report that addresses how reducing the burdens of administrative costs could reduce healthcare spending. The 49-page report is incredibly insightful and full of information, but in order to make it more digestible, we’ve pulled some statistics we found most valuable. All of the data in this post is directly from the CAQH report and the full report is available on [...]