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Healthcare billing, payment changes could save billions: report
Modern Healthcare

Health insurance companies, hospitals, physicians and other providers could trim $149 billion to $160 billion a year from the country’s healthcare bill by implementing administrative reforms such as electronic processing, according to a new report. According to the Center for American Progress’ 48-page report, “Paper Cuts: Reducing Health Care Administrative Costs,” (PDF) private payers in 2009 spent $105 billion, or 12.3%, of their revenue on administrative costs for billing transactions. For public payers, the administrative load was $42 billion, or 3.5% of revenue. Combined, the payers could save $44 billion to $52 billion, according to the report.