Stethoscope and dollar sign The average physician practice updates information for 20 health plan contracts, and large practices may work with more than 30 health plans. (Image: Shutterstock)

Managing staff directories costs physician practices in the U.S. $2.76 billion each year, a new survey finds. The time and money spent on the task comes to an average of $999 per practice per month—the equivalent of one full-time staff day per week.

The survey of 1,240 physician practices was conducted by CAQH, a nonprofit stakeholders group that promotes streamlining of health care business processes. The group recommends a single platform for updating and managing provider directories, saying that physician practices would save more than $1 billion a year if a uniform system was put in place.

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