Administrative expenses in the US healthcare system are responsible for nearly one-third of all healthcare spending. According to estimates, reducing complexity and standardizing administrative functions could save approximately $26 billion.
The administrative expense of the healthcare system is enormous and highly wasteful. Processes are fragmented, intensely manual, complex and error-prone. Complexities and inefficiencies in administrative functions can be directly linked to higher healthcare costs and can even impact the quality of care delivered to patients.
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PayerFusion is a Health Plan Administrator and Cost Containment company offering comprehensive solutions for self-funded employers and international payers. Our health plan administration solutions are customized to meet the needs of our clients and include provider network design/support, policy design, full-service TPA, technology solutions/support and informatics. Contact us for more information and to learn more about our health plan administration services.