Insurance

How Digitizing Your Claims Processing Can Improve Your Insurance Services

Healthcare—of which health insurance is an integral part—is a sector that represents a significant financial concern for the United States. Findings from the 2019 CAQH Index report cite the US to be the biggest spender among any other developed nation when it comes to healthcare and administrative services. The area of claims, in particular, has long been a money drain on health insurance providers. Claims status inquiry alone is the second most expensive transaction for the medical industry to conduct, and slow and inefficient claims processing systems on the part of insurers account for billion-dollar losses every year. The gradual…
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