Nationwide Edi system can trim administrative costs
Eastaugh, S.R.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 49(6): 44-47
1995
ISSN/ISBN: 0735-0732 PMID: 10142557 Document Number: 445691
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.