HIPAA Cost Comparison Tool

The purpose of the HIPAA Cost Comparison Tool (HCCT) is to give small providers a way to ballpark potential administrative savings if they were to implement one or more of the HIPAA transactions (eligibility, prior authorization/referral, claim/encounter, claim status, and claim payment (remittance advice)). It is easy to find out from your practice management vendor and your e-connect vendor the costs of upgrading your PM system or of connecting, but how do you determine the savings? The HCCT is designed to help you look at potential savings for your individual practice. You can then balance those potential savings against known costs.

The tool comes in two forms: an Excel spreadsheet and in Word. If you have Excel on your computer we suggest you use that version; it is easier to use than the Word version. Click on the appropriate button below to download the tool to your computer.

Disclaimer: The Cost Comparison Tool (CCT) has been developed to assist you in understanding the cost of doing routine business transactions manually or through an automated process. You must fill out the white cells with information from your practice. The estimated savings are based on work hours and salary of business office personnel. There are no guarantees that the outcomes estimated for your business will necessarily be realized. The CCT does not include the cost of system upgrades, e-connect, or other related costs.