The cost of modernization

* Medicare could lose $140 million a year in interest if the Health Care Financing Administration reduces the number of days doctors must wait for payment for services. Currently, the average claim takes 18 days to turn around, even though more than 90 percent of all claims are handled electronically. A new system would cut that down to five days, but it also would reduce the interest Medicare earns while holding on to the money.

* Health care providers would have to invest in systems that are compatible with the government's - an increased business cost likely to be passed on to patients.

* Security breaches could increase because the system would provide immediate and unprecedented electronic access to claims.

Featured

  • Workforce
    Shutterstock image 1658927440 By Deliris masks in office coronavirus covid19

    White House orders federal contractors vaccinated by Dec. 8

    New COVID-19 guidance directs federal contractors and subcontractors to make sure their employees are vaccinated — the latest in a series of new vaccine requirements the White House has been rolling out in recent weeks.

  • FCW Perspectives
    remote workers (elenabsl/Shutterstock.com)

    Post-pandemic IT leadership

    The rush to maximum telework did more than showcase the importance of IT -- it also forced them to rethink their own operations.

Stay Connected