Active steps to reduce administrative spending associated with financial transactions in US healthcare

2023, Paper: "US healthcare administrative spending is roughly $1 trillion annually. A major 19 operational area is the financial transactions ecosystem, about $200 billion in spending 20 annually. Efficient financial transactions ecosystems from other industries and countries 21 exhibit two features: immediate payment assurance and high use of automation 22 throughout the process. The current system has an average transaction cost of $12 to 23 $19 per claim across private payers and providers for more than 9 billion claims a year..."