Part one of the Understanding Administrative Simplification series discussed the components and goals of administrative simplification. Part two will explain how these initiatives work together to create efficiencies and improve the health care industry.
By automating transactions, the health care industry has the potential to save billions of dollars in administrative costs. According to the American Medical Association, an estimated 3 billion claims were submitted in 2007—if both physicians and payers used HIPAA-standard electronic transactions instead of manual ones, the health care system could save about $90 billion each year. The greater efficiencies created by administrative simplification will also allow providers more time to spend with patients less time filling out forms.
Lastly, the provisions of administrative simplification support other on-going eHealth efforts such as electronic health records, data interoperability and health information exchange, as well as the advancement of our health care system through health IT.
For More Information
To read this blog and learn more about Administrative Simplification, visit cms.gov/ehealth.
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