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It is estimated that there are over 7B healthcare claims processed annually in the US. The check payment along with paper-based explanation of benefits/explanation of payments forms, continue to be resilient as reliable payment vehicles in many market segments. According to CAQH, 45% of remittance advices are either fully manual or only partially electronic.
Healthcare Claims Processed in the U.S.
%Still using paper checks and remittances
Hospitals in the U.S.
Cost of Claim Payment
Cost / Manual Claim
Est. industry savings using electronification
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