Costs of prior authorizations increase for physicians' practices at an 'alarming' rate | FierceHealthcare

Costs of prior authorizations increase for physicians' practices at an 'alarming' rate | FierceHealthcare: The cost of prior authorization requirements on physicians' practices has continued to increase—up 60% in 2019 to manually generate a request to insurers. The just released CAQH 2019 Index, which concluded that the healthcare industry can save $13.3 billion on administrative waste through automation of eight transactions including prior authorizations, said the medical industry could see potential annual savings of $454 million by transitioning to electronic prior authorizations.