Transaction type
Lower your costs and save time
Electronic transactions can save you time. They also cost less than manual ones. The table below shows the cost savings for each of seven common transactions.
Cost savings of electronic transactions
|
|
Manual cost |
Electronic cost |
Cost savings per transaction |
Cost savings for 150 transactions |
|---|---|---|---|---|
|
Eligibility and benefit verification |
$8.36 |
$1.04 |
$7.32 |
$1,098.00 |
|
Authorization (Precertification) |
$10.80 |
$4.87 |
$5.93 |
$889.50 |
|
Claim submission |
$4.69 |
$1.73 |
$2.96 |
$444.00 |
|
Attachments |
$5.69 |
$3.21 |
$2.48 |
$372 |
|
Claim status inquiry |
$11.18 |
$2.03 |
$9.15 |
$1,372.50 |
|
Claim payment |
$5.50 |
$2.25 |
$3.25 |
$487.50 |
|
Remittance advice |
$6.14 |
$2.12 |
$4.02 |
$603.00 |
Transaction type |
Eligibility and benefit verification |
|---|---|
Manual cost |
$8.36 |
Electronic cost |
$1.04 |
Cost savings per transaction |
$7.32 |
Cost savings for 150 transactions |
$1,098.00 |
Transaction type |
Authorization (Precertification) |
Manual cost |
$10.80 |
Electronic cost |
$4.87 |
Cost savings per transaction |
$5.93 |
Cost savings for 150 transactions |
$889.50 |
Transaction type |
Claim submission |
Manual cost |
$4.69 |
Electronic cost |
$1.73 |
Cost savings per transaction |
$2.96 |
Cost savings for 150 transactions |
$444.00 |
Transaction type |
Attachments |
Manual cost |
$5.69 |
Electronic cost |
$3.21 |
Cost savings per transaction |
$2.48 |
Cost savings for 150 transactions |
$372 |
Transaction type |
Claim status inquiry |
Manual cost |
$11.18 |
Electronic cost |
$2.03 |
Cost savings per transaction |
$9.15 |
Cost savings for 150 transactions |
$1,372.50 |
Transaction type |
Claim payment |
Manual cost |
$5.50 |
Electronic cost |
$2.25 |
Cost savings per transaction |
$3.25 |
Cost savings for 150 transactions |
$487.50 |
Transaction type |
Remittance advice |
Manual cost |
$6.14 |
Electronic cost |
$2.12 |
Cost savings per transaction |
$4.02 |
Cost savings for 150 transactions |
$603.00 |
Savings estimates are based on the 2022 CAQH Index® Working Together: Advances in Automation During Unprecedented Times.
Learn more about electronic transactions
Learn about electronic claims submission
Learn about electronic eligibility, claims status and precertification
Legal notices
Aetna is the brand name used for products and services provided by one or more of the Aetna group of companies, including Aetna Life Insurance Company and its affiliates (Aetna).
Health benefits and health insurance plans contain exclusions and limitations.