The Department of Health and Human Services wants to improve your medical bills. So much so that they have launched a nationwide challenge called “A Bill You Can Understand,” to help create a clearer, less complex, and more understandable medical bill that improves the patient financial experience.
Telemedicine is changing the way we experience healthcare. It allows patients to consult medical professionals via technology for a range of illnesses or follow-up care from the comfort of their home. While telemedicine has existed for more than a decade now, recent advancements in technology have seen it re-emerge as a tremendous force.
According to a new study from TransUnion, three out of four consumers (76 percent) are extremely or somewhat concerned about increased costs from health insurer’s 2017 rate proposals.
Several major health insurers have indicated that they will seek premium increases in 2017 due to higher costs and lower than expected profits. The price hikes are causing anxiety among consumers of which nearly 65 percent report being more concerned about the total cost of their healthcare this year versus last year.
WEDI released the results of its final ICD-10 assessment survey earlier this month saying it was a “non-eventful transition” and because it went so well it should be considered a template for future mandates. "We wanted this post-implementation survey to be a closing chapter of assessment on why the transition went so well overall and to also leverage specific lessons learned for future large implementations," Jean Narcisi, chair of WEDI, says in the announcement.
With the accelerated adoption of electronic health records (EHRs), there is growing recognition of the benefits associated with the use of these technologies – reduced medical errors, faster access to complete information, more efficient communications among busy clinicians, and increasing patient engagement in their healthcare decisions. At the same time, there is a dialog taking place among all stakeholders on the issues related to busy clinicians taking advantage of data re-use capabilities to avoid re-entering identical information as they create their encounter documentation.
According to a recent Wall Street Journal article, health insurers are struggling to offset rising costs and are proposing big premium increases for coverage in 2017. Humana, Providence Health Plan, Anthem, UnitedHealth Group and Aetna, are just a few of the insurers considering rate hikes for 2017.
According to researchers at Johns Hopkins Medicine, medical errors should rank as the third leading cause of death in the United States. More than 250,000 Americans die each year from medical errors. According to the Centers for Disease Control and Prevention’s official common cause of death list, this would place medical error just behind heart disease and cancer.
For providers, patient no-shows are a constant and costly source of frustration. According to a Wallace & Hughes study, about 3.6 million people in the U.S. miss or delay medical care each year. Your average practice will have a 5%-7% no-show rate according to MGMA. Time is money for physicians and a missed appointment is a lost revenue opportunity.
In a blog post released earlier this week, CMS announced plans to retire the Meaningful Use program in favor of a new program under the Merit-based Payment System (MIPS). The new program is called Advancing Care Information (ACI).
Healthcare data is attractive to cyber criminals because of the richness and uniqueness of the information that the health plans, doctors, hospitals and other providers handle. Medical records sell for as much as 20 times the price of a stolen credit-card number.