Healthcare payment complexity is the byproduct of a highly regulated industry with multiple stakeholders and claims processes that don't always talk to each other.
Regulatory requirements, claims complexity, and a fragmented network of payers, providers, and vendors keep healthcare payments behind other industries. The industry has spent years reaching 78% electronic claim payment adoption. The average cost of processing a manual payment is $8.03, compared with $2.65 for an electronic payment. And $21B in potential savings remains in further payment automation.
This scorecard measures that complexity against the industry baseline and ECHO's payment network, and lets you examine your own operation.
Download the Simplification Scorecard to see what claim payment complexity is costing you.
