And we're doing this over and over and over and over again to the tune of billions of dollars by most estimates. CAQH said it was over $2 billion a year. I've seen other estimates of $6 billion a year that we waste on administrative costs of just people trying to manage provider directories. And so because everyone's trying to solve it, nobody ever trusts anyone's network and nobody ever has a complete network. So we felt like this is a good use case of the government actually doing something. (14:01–14:12)
CLAIM
Asserts that administrative costs for managing provider directories waste between $2 billion and $6 billion annually.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
