MGMA: IDs Could Save Providers $1Billion | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

MGMA: IDs Could Save Providers $1Billion

January 12, 2009
by root
| Reprints

Englewood, Colo.-headquartered Medical Group Management Association (MGMA) has launched an industry-wide effort calling on health insurers, vendors and healthcare providers to initiate processes to adopt standardized, machine-readable patient ID cards by Jan. 1, 2010, it says.

In an aggressive push to advance the use of this technology, MGMA is asking healthcare professionals to visit www.SwipeIT.org.

MGMA says it estimates that machine-readable patient ID cards can save physician offices and hospitals as much as $1 billion a year by eliminating unnecessary administrative efforts and denied claims. A machine-readable card compliant with the mandates of the Workgroup for Electronic Data Interchange costs about 50 cents — just a fraction more than the non-standardized, plastic or paper cards that most insurers now use, MGMA says.

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

Boston Children's Accelerates Data-Driven Approach to Clinical Research

In an effort to bring a more data-driven approach to clinical research, Boston Children’s Hospital has joined the TriNetX global health research network.

Paper Records, Films Most Common Type of Healthcare Data Breach, Study Finds

Despite the high level of hospital adoption of electronic health records and federal incentives to do so, paper and films were the most frequent location of breached data in hospitals, according to a recent study.

AHA Appoints Senior Advisor for Cybersecurity and Risk

The American Hospital Association (AHA) has announced that John Riggi has joined the association as senior advisor for cybersecurity and risk.

Report: Healthcare Accounted for 45% of All Ransomware Attacks in 2017

Healthcare fell victim to more ransomware attacks than any other industry in 2017, according to a new report from global cybersecurity insurance company Beazley.

Study: Use of EHRs Does Not Reduce Administrative Costs

A recent study by Duke University and Harvard Business School researchers found that costs for processing a single bill ranged from $20 for a primary care visit to $215 for an inpatient surgical procedure, or up to 25 percent of revenue.

Kibbe to Step Down as CEO of DirectTrust

David Kibbe, M.D., M.B.A., announced he would step down as president and CEO of DirectTrust at the end of the year.