Payers, providers seek leeway on surprise medical bill ban going into effect in 2022
FierceHealthIT
SEPTEMBER 8, 2021
Payers, providers seek leeway on surprise medical bill ban going into effect in 2022. Wed, 09/08/2021 - 17:13.
3 in 4 Insured Americans Worried About Medical Bills — Especially Women
Health Populi
DECEMBER 9, 2021
Both employees accessing employer-sponsored health care via the private sector and commercial insurance, as well as health citizens covered by public sector plans Medicare and Medicaid had concerns about medical bills. ” This is the current state of play for health citizens and health care payments in America, circa 2022.
Medical Billing 
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Advanced Patient Pay Solutions That Drive Results in 2022
Mend
SEPTEMBER 30, 2022
Patients are quickly becoming consumers who want frictionless digital payment options for their medical bills. Here are just four areas where you can expect to see improvement in 2022. Yet many practices still rely on paper bills. Yet paper bills, apps, and portals often create friction points in healthcare.
10 Healthcare Payment Trends in 2022
Mend
JULY 12, 2022
Here are 10 predictions for what we’ll see in 2022. They can also access their health information online, schedule appointments, and manage bills. When it comes to digital payment options, a recent Instamed study showed that 91% of consumers prefer an electronic payment method for their medical bills.
Healthcare Bills, Affordability, and Self-Rationing Care Will Continue to Challenge U.S. Health Consumers in 2024
Health Populi
DECEMBER 1, 2023
consumers say they can’t afford to pay their medical bills on-time, based on the 2023 Consumer Survey from Access One, a financial services company focused on healthcare payments. Furthermore, one-third of consumers are not confident they could pay a medical bill of $500 or more. Two-thirds of U.S.
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The Patient as Consumer and Payer – A Focus on Financial Stress and Wellbeing
Health Populi
MAY 30, 2022
Add on top of these significant stressors the need to deal with medical bills, which is another source of stress for millions of patients in America. told the Gallup Poll in April 2022 that their financial situation has eroded in the past year, up to 1 in 2 people which is a statistic we haven’t seen since the Great Recession of 2008.
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Medical Debt: “The Debt of Necessity” – A Current U.S. Picture from the CFPB
Health Populi
MAY 18, 2023
consumer credit rating companies — Equifax, Experian and TransUnion — planned to remove medical bill collections that were under $500 from consumers’ credit reports. And, over one-half of patients have also sought information about medical bills. On April 11, 2023, three of the largest U.S.
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2022 Patient Payment Statistics and Bad Debt in Healthcare
Mend
JULY 19, 2022
According to the same statistics, approximately one in five American households has “bad medical debt.” These numbers are concerning, as they indicate that many Americans are struggling to keep up with their medical bills. How Many Healthcare Organizations Still Rely on Paper Bills.
Bonus Features – October 30, 2022 – 46% of Americans have gone into debt paying medical bills, 41% say retail and virtual care experiences are disjointed, and more
Healthcare IT Today
OCTOBER 30, 2022
A survey from digital health platform Babylon found that 46% of Americans have gone into debt from their medical bills , while 34% are currently struggling to pay their medical and insurance bills. News and Studies.
Consumers Are Feeling Their Healthcare Cost of Living – Research from Qualtrics
Health Populi
DECEMBER 2, 2022
adults chose to defer health care in 2022, split by. adults chose not to fill a prescription drug due to the cost in the 12 months prior to the study (conducted August-September 2022). Qualtrics conducted the survey in August-September 2022 among 1,000 U.S. Rising costs are the #1 reason U.S. 25% delayed mental health care. .”
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The Unbearable Heaviness of Inflation: Will Consumers’ Financial Stress Erode Their Health?
Health Populi
JUNE 23, 2022
An hour after the Morning Consult session, I brainstormed the topic of consumers-as-payers of medical bills and prescription drugs with GoodRx strategy leaders. This consumer research was conducted in January 2022 — well before a gallon of gas cost an average of $4.98 in Hong Kong the week of 20 June 2022).
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The Patient as Prescription Drug Payer – The GoodRx Playbook
Health Populi
OCTOBER 12, 2022
Patients have more financial skin-in-their-healthcare-games facing high-deductibles and direct out-of-pocket costs for medical bills…including prescription drugs. Gallup and West Health have been studying Healthcare in America , finding in their June 2022 consumer survey that one in four people in the U.S.
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Weekly Roundup – November 19, 2022
Healthcare IT Today
NOVEMBER 19, 2022
Read more… Reducing Confusion Eases Medical Billing Stress. Fewer barriers to patient data and expanded telehealth and remote monitoring have all helped bridge the gap between patients and providers. The average Explanation of Benefits is crammed with so much information that most people don’t understand them.
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Only in America: Medical Debt Hits High Income and Insured People, KHN and NPR Report
Health Populi
JUNE 20, 2022
By age group, people 30 t0 49 years of age were more likely to have fallen into medical debt: think Sandwich-generation adults with children and aging parents, seriously financially stretched and stressed. Here’s an additional detail showing the mainstream, Main Street nature of medical debt in the U.S.:
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Financial Stress and Mental Health: Considering the New $24,000 Health Plan Cost from KFF
Health Populi
OCTOBER 22, 2023
The APA found in the 2022 study that stress related to money reached the highest level Americans felt since 2015. consumers said paying a health care bill was stressful. consumers said paying a health care bill was stressful. . ” One in 3 U.S. See more on APA’s Stress in America research here in Health Populi ].
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The Latest KFF Poll on Consumer Experiences with Health Insurance Speaks Volumes About Patients’ Administrative Burden
Health Populi
JUNE 26, 2023
are now delaying care is due to cost , not concerns about exposure to COVID-19 which created the phenomenon of “medical distancing” between 2020 and 2022, resulting in some patients avoiding preventive screenings and necessary care in face-to-face medical settings. “If The top reason people in the U.S.
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Changing Views of Retirement and Health Post-COVID: Transamerica’s Look At Workers’ Disrupted Futures
Health Populi
JUNE 29, 2022
The study was fielded between October and December 2021, thus before the onset of significant inflation on household budgets in 2022. While most employed workers have been saving for retirement, many are not putting sufficient funds away for their goals, dreaming of traveling, spending more time with family, and pursuing hobbies.
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The 2023 Health Economy – The Evolving Primary Care and Retail Health Convergence Through Trilliant Health’s Lens
Health Populi
SEPTEMBER 27, 2023
have not returned to pre-pandemic levels by the end of 2022. One contributor to lackluster return-to-healthcare volumes is patients’ forgoing care due to cost — which Trilliant Health points out has overtaken COVID-19 concerns as the key driver for avoiding medical care services. That’s the demand side.
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Most Consumers Are Health and Wellness Consumers, Even in Hard Financial Times, Accenture Finds
Health Populi
SEPTEMBER 8, 2022
To this point, a relevant Accenture report published earlier in 2022 was titled, The Human Paradox: From Customer Centricity to Life Centricity. As patients continue to morph into health consumers and medical bill payers, they will seek value-based care based on their own values, customers, preferences, and beliefs.
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Aflac Finds Health Care and Financial Stress will “Dampen 2021 Holiday Magic” in U.S. Households
Health Populi
DECEMBER 6, 2021
In fact, medical bill angst in America isn’t just a December holidays thing: they’re a year-round source of anxiety, Aflac found. And those families impacted by COVID-19 were twice as likely to have someone borrow money from a friend or family member or postpone taking a family member to see a medical professional.
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Bonus Features – October 29, 2023 – 66% of patients prefer email or text for reminders about medical bills, 94% of clinicians said lack of timely access to insights within EHR impacts patient care, and 28 more
Healthcare IT Today
OCTOBER 29, 2023
News CMMI released the 2022 performance results for the direct contracting value-based care model , which has since been redesigned and renamed the ACO REACH Model. All told, participating entities achieved net savings of more than $484 million.
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The Patient As the Payer: Self-Pay, Bad Debt, and the Erosion of Hospital Finances
Health Populi
SEPTEMBER 13, 2022
So, patients-as-payers and health consumers told AKASA, which is in the business of revenue cycle management, that quality and choice were worth a premium or enhanced charge on their medical bill.
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The Financial Toxicity of Health Care Costs: From Cancer to FICO Scores
Health Populi
MARCH 22, 2022
. “Medical debt is the most common collection tradeline reported on consumer credit records,” the Consumer Financial Protection Bureau called out in a report published March 1, 2022. Medical debt in cancer can hinder patients’ seeking care as well as limit their treatment options, the study found.
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From Evolution to Innovation, from Health Care to Health: How Health Plans With Collaborators Are Re-Defining the Industry
Health Populi
FEBRUARY 4, 2024
Furthermore, health plan members now see themselves as medical bill payers, seeking value and consumer-level services for their health insurance premium investment. Patients and health plan members continue evolving into medical bill payers, with their homes and budgets baked into the concept.
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In 2024 U.S. Consumers Will Mash Financial Resolutions With Those For Physical Health and Mental Health, Fidelity Finds
Health Populi
DECEMBER 12, 2023
consumers feel in worse financial shape now than in 2022, with inflation a top concern, discovered in the 2024 New Year’s Financial Resolutions Study from Fidelity Investments. One-third of U.S.
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WELL Health to Acquire EMR, Billing and Clinical Assets from CloudMD
Healthcare IT Today
OCTOBER 24, 2022
This acquisition will also enable our EMR and billing divisions to enter new markets in the Canadian Prairies where we look forward to supporting healthcare practitioners’ access to new digital health innovations.” Originally announced October 11th, 2022.
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Transparency Ecosystem in Healthcare
Healthcare IT Today
SEPTEMBER 7, 2022
According to a 2022 Nielsen survey, consumers indicate shifting priorities as COVID-19 transitions from a pandemic to an endemic presence in the United States. In an economy where inflation is impacting fuel, housing, and grocery prices, an unexpected medical bill can go from merely unforeseen to flat-out unfeasible for some.
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The Federal Reserve Chairman Speaks Out on Health Care Costs: “Spending But Getting Nothing”
Health Populi
FEBRUARY 17, 2020
Chairman Jerome Powell detailed the current state of the economy, discussing the state of the macroeconomy, GDP growth, unemployment, inflation, and projections for 2022 and beyond. Some of that credit card debt no doubt has medical bills associated with it. The top line data points are shown in the first chart.
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Bonus Features – August 6, 2023 – 83% of hospitals are collecting SDoH data, 46% of hospitals planning to use large language models in the call center, and more
Healthcare IT Today
AUGUST 6, 2023
Healthcare accounted for 36% of all enterprise data breaches in 2022 , according to the latest research from ForgeRock. The report also cited a 50% increase in breaches from 2022 as compared to 2021. Partnerships Fintech company Cedar is working with Google Cloud to build AI-powered tools to hep patients understand medical bills.
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Jasper, Scaling a Human Touch for People Dealing with Cancer, Now With Walgreens
Health Populi
JUNE 6, 2022
Individuals and their families are overwhelmed with the information, tasks, steep medical bills and the ‘unknown’ that cancer brings and are trying to manage everything with limited to no support. Health Populi’s Hot Points: Last week, BDO published a report on Cancer Care in 2022.
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Turning Increased Ambulatory Volumes into Financial Strength: 4 Moves for RCM
Healthcare IT Today
OCTOBER 23, 2023
With outpatient volumes expected to grow 16% over the next decade—and ambulatory volumes projected to rise 25% by 2022—ambulatory providers can’t afford to leave patient financial engagement to chance. But finding the right approach is key. That’s one reason why self-service options for account management are critical.
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Consumers’ Growing Use of Portals and Apps: People Embracing Their Patient Journeys
Health Populi
OCTOBER 26, 2023
patients viewed their laboratory test results online in 2022. As of 2022, three in four consumers were offered online access to their medical records by a health care provider or health insurance plan, and well over one-half accessed their medical record or portal — growing by 50% over the two years, 2020 to 2022 (from 38% to 57%).
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Healthcare IT Today
JANUARY 4, 2023
As a result, the primary care market is estimated to be worth $260 billion in 2022. The recession will leave many patients in a difficult financial situation, likely resulting in delayed medical bills and elective surgeries. Hospital M&A consolidation: 2022 was a tough year for many hospitals and other health organizations.
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Making Healthcare Accessible: Empowerment This Medicaid Awareness Month
DrKumo Remote Patient Monitoring
MARCH 15, 2023
According to the National Health Interview Survey , approximately 30 million Americans were without health insurance in the first half of 2020, and around 43% of adults aged 19 to 64 had inadequate coverage as of mid-2022. In recognition of the vital role that Medicaid plays, April is designated as Medicaid Awareness Month.
When Household Economics Blur with Health, Technology and Trust – Health Populi’s 2023 TrendCast
Health Populi
DECEMBER 22, 2022
the title of the article updating the winter 2022-23 sick-season asked. Thus, the sage advice as we approach gatherings for Christmastime 2022: “Close your mouth and step away from the human,” by Katherine Wu of The Atlantic. consumers’ financial wellbeing in November 2022. Which virus is it?” Entering 2023, U.S.
American healthcare: The good, bad, ugly, future
Henry Kotula
AUGUST 28, 2023
Drug-Pricing Laws With the Inflation Reduction Act of 2022, Congress took meaningful action to lower drug prices , a move the CBO estimates would reduce the federal deficit by $237 billion over 10 years. The biggest stumbling block to their widespread use is the drug’s exorbitant price (upwards of $16,000 for a year’s supply). bankruptcy.
Gas ‘N Healthcare – How Transportation Links to Health Care Access and Financial Health
Health Populi
JULY 19, 2022
The chart on the High Financial Toll of Cancer demonstrates that people dealing with cancer face a greater financial risk of using up most of their savings, skipping or delaying care due to cost, withdrawing money early from college or retirement savings accounts for medical bills, and declaring bankruptcy or losing homes.
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What is the Hybrid Healthcare System & How Does It Work?
Mend
OCTOBER 25, 2022
Mend starts by integrating with your organization’s medical billing software. Mend alerts the billing software once payment is complete, removing all steps from your staff. RELATED : How to Optimize Patient Attendance and Reduce No-Shows in 2022. It can also reduce the loss of revenue secondary to no-shows.
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PayZen Raises $220 Million Growth Round for Personalized Healthcare Affordability
Healthcare IT Today
NOVEMBER 29, 2022
As nearly 1 in 10 adults carries significant medical debt in light of rising healthcare costs, this expansion enables the company to directly improve the financial well-being of millions of U.S. Originally announced November 22nd, 2022. healthcare consumers in a significant way.
How To Improve Telehealth Connectivity Issues in 2022
Mend
AUGUST 22, 2022
Another recent study shows that 91% of consumers prefer an electronic payment method for their medical bills. The post How To Improve Telehealth Connectivity Issues in 2022 appeared first on Mend. In fact, sixty percent of consumers expect their digital healthcare experience to mirror that of retail. Technical Support.
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Gallup Reveals Americans’ Views on Industry Are the Lowest Since 2008 – Implications for Healthcare and Pharma
Health Populi
SEPTEMBER 9, 2022
Which sectors enhanced consumers’ favorable views between 2021 and 2022? In the Gallup poll, the most favorable industries in 2022 are restaurants (with 60% of Americans holding positive views) and farming/agriculture (at 57% favorability). These would be retail (growing by 5 points) and healthcare, up by 4 points in the year.
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Weekly Roundup – September 17, 2022
Healthcare IT Today
SEPTEMBER 17, 2022
Medical billing analytics startup AESOP Technology raised a $2.95 Virtual primary care company 98point6 announced a $20 million investment to scale its new technology offering for ambulatory care. Real-world analytics platform P urpleLab raised $40 million in Series B funding. million series pre-A round.
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Weekly Roundup – September 17, 2022
Healthcare IT Today
SEPTEMBER 17, 2022
Medical billing analytics startup AESOP Technology raised a $2.95 Virtual primary care company 98point6 announced a $20 million investment to scale its new technology offering for ambulatory care. Real-world analytics platform P urpleLab raised $40 million in Series B funding. million series pre-A round.
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The Health Consumer in 2024 – The Health Populi TrendCast
Health Populi
DECEMBER 20, 2023
There’s a sort of health care “shrinkflation” that has been shaping patients-as-payors of medical bills. Further refining the point that patients’ medical bills and expenses are now part of their household and retail financial budgets, the Federal Reserve published this report on households’ well-being, asserting that 23% of U.S.
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