Streamlining electronic funds transfers in health care will bring total savings to
more than $16 billion over 10 years

New standards for electronic funds transfers in health care, required by the Affordable Care Act, will reduce up to $4.5 billion off administrative costs for doctors and hospitals, private health plans, states, and other government health plans, over the next ten years, according to estimates included in new rules published today by the U.S. Department of Health and Human Services (HHS).  The standards build upon regulations published earlier this year that set industry-wide standards for how health providers use electronic systems to quickly and easily determine a patient’s eligibility for health coverage and check on the status of a health claim.

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This entry was posted by cmonfils on Friday, January 13th, 2012 at 2:51 pm and is filed under Health Care Legislation, HHS. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.