CMS finalized a rule to replace fax and paper claims with standards, saving $782 million a year and cutting paperwork.

Despite claims processing being at the heart of the what insurers do, there is no standard format, legacy systems abound and some claims still arrive by mail. Yet, up to to 80 percent of all premiums ...

Add Yahoo as a preferred source to see more of our stories on Google. Secretary of Veterans Affairs Doug Collins testifies before his Senate Veterans Affairs committee confirmation hearing on Capitol ...

The growth of the Claims Processing Software Market is primarily driven by the rapid digital transformation across the insurance and healthcare sectors. Increasing claim volumes, rising fraud risks, ...

Many insurance companies are moving quickly to incorporate advanced forms of AI into their processes. Last year, 90% reported they were evaluating whether and how to utilize generative AI, and more ...

Doctors have increased the amount of electronic claims they submit by almost 50 percent in the last 10 years. In 2002, only 44 percent of claims were filed electronically; in 2011, 94 percent of the ...

Blue Shield of California and Google Cloud are joining forces to digitize and simplify the healthcare billing and payment process. Together, the companies will create a real-time claims processing ...

Healthcare claims processing is rife with inefficiencies and financial strains marked by operational bottlenecks, rising denial rates and increasing administrative burdens faced by providers, ...

Insurers are resolving claims faster, but some homeowners still say their policy falls short.

(RTTNews) - Accenture (ACN) has invested, through Accenture Ventures, in Reserv, an insurance claims processing company. According to the company, the investment will also enable the two companies to ...