More than 130 leaders from health plans across the United States responded to HealthEdge\u2019s Jan. 2014 \u201cState of the Payor\u201d industry survey. As a company that offers business process automation solutions, we were particularly interested in question #4 (below), which shows that 81.3% of surveyed payors believe it would significantly reduce their administrative costs to “automate existing business processes” and 55.5% believed it would help to “increase auto-adjudication rates.”<\/p>\n
HCIM’s SymKey application streamlines business processes by automating manual workflows and increasing auto-adjudication within your existing claims system. And with a go-live in less than three days, it’s certainly quicker to implement and more cost-effective than transitioning to a new core claims transaction system. For more information click here<\/a>.<\/p>\n
4. Which of the following factors do you feel would have a significant impact on reducing administrative costs at your organization? Please check all that apply.<\/strong><\/td>\n<\/tr>\n| Answer Options<\/strong><\/td>\n | Response Percent<\/strong><\/td>\n<\/tr>\n | Automate existing manual business processes<\/td>\n | 81.3%<\/td>\n<\/tr>\n | Increase auto-adjudication rates<\/td>\n | 55.5%<\/td>\n<\/tr>\n | Outsource\/BPO<\/td>\n | 12.5%<\/td>\n<\/tr>\n | My organization does not need to reduce administrative costs<\/td>\n | 10.9%<\/td>\n<\/tr>\n | Other<\/td>\n | 6.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n | <\/p>\n
|