The US could save up to $540bn in health spending over the next decade by adopting healthcare information technology across all administrative and transactional processes of healthcare, according to a new report.

The healthcare sector should adopt common technology and information standards with better interoperability and connectivity, according to the UnitedHealth Group report ‘Health Care Cost Containment – How Technology Can Cut Red Tape and Simplify Health Care Administration’.

The report suggests the use of automated cards by hospitals to validate patient eligibility and benefits, integration of electronic medical records and personal health records, as well as the elimination of paper cheques and remittance advice.

The report also proposes a national clearinghouse for accurate payments and streamlined provider credentialing, privileging and quality designation processes.

In spite of the country’s $2.6t spend on healthcare, too few people had access to high-quality care, the report said.