The proportion of claims submitted electronically to health insurers more than tripled over the past decade, cutting costs and speeding up payments to providers, according to a study by America's Health Insurance Plans. The study found that 75% of all health insurance claims are now submitted electronically, up from 44% in 2002 and 24% in 1995. According to the study, it costs insurers an average of 85 cents to process a "clean" electronic claim, compared with $1.58 for a paper claim. As a result, the shift to electronic submission saves consumers several billion dollars a year, AHIP President and Chief Executive Officer Karen Ignagni said. The study was based on 25 million claims processed by 26 insurers of various sizes nationwide. It also found that insurers process 98% of clean claims within 30 days of receipt and 57% with seven days. Read the study.
Most insurance claims now submitted electronically
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