Theaverage physician practice updates information for 20 health plancontracts, and large practices may work with more than 30 healthplans. (Image: Shutterstock)
Managing staff directories costs physician practices in the U.S.$2.76 billion each year, a new survey finds. The time and moneyspent on the task comes to an average of $999 per practice permonth—the equivalent of one full-time staff day per week.
The survey of 1,240 physician practices wasconducted by CAQH, a nonprofit stakeholders group that promotesstreamlining of health care business processes. The grouprecommends a single platform for updating and managing providerdirectories, saying that physician practices would save more than$1 billion a year if a uniform system was put in place.
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