Examining processes implemented to reduce administrative costs of interactions between health care providers and insurance plans
This project will provide information about innovative approaches that can reduce the administrative costs of interactions between health care providers and health insurance plans. At a time when health care costs are rising significantly, the industry continues to employ inefficient administrative practices that by some estimates cost the system as much as $32 billion annually. This project will identify four to eight specific practices that are producing, or have strong potential to produce, significant administrative savings. An example is universal electronic credentialing of providers, which would eliminate the need for physicians to annually undertake onerous and duplicative filing of credential information for multiple insurance plans. For each practice, the project will identify extent of practice, savings, and barriers to greater use. Lawrence P. Casalino, MD, PhD, chief of the Division of Outcomes and Effectiveness Research at Weill Cornell Medical College, will compile this information into a report suitable for an expert conference, produce one or more issue briefs, and write at least one peer-reviewed paper.
Amount Awarded $148,254.00
Awarded on: 5/31/2012
Time frame: 5/1/2012 - 2/28/2013
Grant Number: 70005