You are not alone. The CAQH® Index estimates that manual processes in the healthcare industry are costing organizations $315 billion annually. Though a majority of healthcare organizations have switched to using Electronic Health Records (EHR) to access patient records, many still rely on paper documents for business processes in areas like claims processing, finance, and Human Resources (HR). This practice is not only expensive and error-prone but also requires excessive and valuable time that could be allocated to more strategic tasks for the organization.
Luckily, there is a solution. By automating manual processes, the healthcare industry could save up to $11.1 billion annually. Incorporating Enterprise Content Management (ECM) software such as ImageSilo® or PaperVision® Enterprise can close the technology gap in your organization, saving you valuable time and money.