How Much Are You Paying For Paper Claims?

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You would think the answer to this is simple, but it isn’t. Your paper claim cost is not equivalent to just the postage, stationary and staff time! A study by the American Medical Association estimates that it costs physicians between $6 and $12 in labor and overhead to process a paper claim. Factoring in errors at an average of 25% of all paper claims and the time it takes to reprocess unpaid claims, the inefficiency and wasted dollars is alarming!