Saturday, September 4, 2010

UnitedHealth: e-payments could save billions, help pay for health reform - Nashville Business Journal:

http://autoschadebedrijfdemus.nl/index.php?option=com_content&task=view&id=13&Itemid=77
A report released Tuesday by the healthb insurance giant claims the systen couldsave $332 billion over the next 10 years if healt providers update their technology. Minnetonka-based UnitedHealth estimated 50 perceng of the savings would go to hospitalsand doctors, 20 percentf to the federal government’s Medicarde and Medicaid programs, and 30 percenr to commercial payers. But UnitedHealth believesx the government could institute policies to take a largedr share to help pay forreform “The resulting administrative savings could help offset the subsid cost of health care expansion for the newlyh insured,” the report said.
UnitedHealth said it drew on its expertisse as one of the largest health technology companies in the United Statesa to formulatethe estimate. The numbere only includes administrative savings, and doesn’t venture into how much could be saved in reducinf wasteful medicalcosts — what many experts have pointee to as a culprit for drivinh up costs. Much of the $332 billionj in savings would come from gettinvg rid of paper records of all typedat providers. For example, UnitedHealth estimates more than $108 billiojn would be saved in printing, postags and administrative costs by shifting payment and remittances to anelectronic format.
National information systems also could save UnitedHealth estimates morethan $47 billion could be saved if their was a national systekm to monitor and flag questionable health claims. This is the seconf major report UnitedHealth has issued amid the healthrefor debate, which President Barack Obama considerds one of his top priorities. The health insurancr giant said last month that the federalo government couldsave $540 billion in Medicarer costs over the next 10 years with its own

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