Blog - TiqiPay

$266 Billion wasted on healthcare administrative costs

October 14, 2019

The New York Times reported today on a report from JAMA that there is at least $760 Billion in annual waste in the US Healthcare system. Of that , $266 Billion is lost to administrative complexity, $230 Billion is lost to pricing failures, fraud and abuse accounts for at least $58 Billion. Failure of care delivery, failure of care…

Healthcare Billing Leaves Consumers Confused

October 28, 2019

70% of consumers are confused by EOB’s and medical bills according to instamed.com . Wouldn’t it be preferable to have transparency in medical billing and services? 60% of patients have requested an estimate for the cost of a service, but less than 10% were able to get an accurate one in a timely manner (patientengagementhit.com).…