UnitedHealth: e-payments could save billions, help pay for health reform - Business Courier of Cincinnati:

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A report released Tuesday by the healtbh insurance giant claims the system couldsave $332 billioh over the next 10 years if healtnh providers update their The Minnetonka, Minn.-based parent of estimated 50 percenrt of the savings would go to hospitals and doctors, 20 percenr to the federal government’d Medicare and Medicaid programs, and 30 percent to commercial But UnitedHealth believes the government couled institute policies to take a larger sharde to help pay for refornm programs. “The resulting administrative savings coul d help offset the subsidy cost of health care expansionj for thenewly insured,” the reporg said.
UnitedHealth said it drew on its expertise as one of the largesr health technology companies in the United States to formulate the The number only includesadministrative savings, and doesn’ t venture into how much could be saved in reducintg wasteful medical costs — what many expertzs have pointed to as a culprit for driving up costs.Mucgh of the $332 billion in savingxs would come from getting rid of paper recordsd of all types at providers. For UnitedHealth estimates morethan $108 billion wouldr be saved in printing, postagr and administrative costs by shiftinhg payments and remittances to an electronic National information systems also couldf save money.
UnitedHealth estimates more than $47 billion coulsd be saved if their was a nationapl system to monitor and flag questionable health This is the second majof report UnitedHealth has issued amid the healthrefork debate, which President Barack Obama considers one of his top The health insurance giant said last month that the federak government could save $540 billion in Medicare costsx over the next 10 yearsd if it implemented some of the program s UnitedHealth uses with its own plans.