In this paper the author has developed a theoretical framework for addressing the healthcare costs and based on it he has analyzed the payment system that is an integral part of healthcare payments. The author concurs with the recommendations made in earlier studies that switching from a paper-based system to an electronic system would not only reduce costs but also improve the efficiency of the system. By using an electronic payment system for payment of healthcare claims, huge savings can be achieved on an annual basis, as the numbers of claims processed each year are in the billions.
WMU ScholarWorks Citation
Krishnaswamy, C.R., "Electronic Payments in Healthcare" (2011). Transactions of the International Conference on Health Information Technology Advancement. 3.