healthcare costs
-
Meaningful Hospital Price Transparency Requires Actual Prices, Not Estimates
Only actual hospital prices, displayed as dollars and cents, not estimates, formulas, or algorithms, protect patients from outrageous bills and hold hospitals accountable for overcharges, errors, and fraud. Accepting CMS’ or other substitutes instead of actual prices undermines broader efforts to make hospital price transparency a reality for American patients and healthcare consumers.
-
Employers’ Healthcare Costs Expected To Rise 8.5% in 2024
Employers’ healthcare costs are anticipated to rise by 8.5% in 2024, according to Aon. The projected increase is nearly twice the 4.5% increase that employers saw from 2022 to 2023. Inflation is a major factor for the increase.
-
Payer’s Place: Dawn Maroney
Dawn Maroney, President, Markets of Alignment Health and CEO of Alignment Health Plan, to discuss how they are using technology to provide better service and care to consumers.
-
Medical Expenses Will Rise by 7% Next Year, Report Predicts
New research predicts that healthcare costs will increase by 7% next year. The estimate is higher than the projected medical cost trends in 2022 and 2023 — which were 5.5% and 6.0%, respectively.
-
Report: Firearm-related Injuries Cost US Healthcare $1B Annually
In just 2020, deaths from gun violence cost the U.S. healthcare system $290 million, or about $6,400 per patient, according to a report from the Commonwealth Fund. These costs are mostly covered by Medicaid and other government insurance programs.
-
Paytient Secures $40.5M for Its Benefit Helping Patients Pay for Care
The funding round was led by Mercato Partners Traverse Fund and included participation from Bertelsmann Investments. In total, the company has raised $63 million. Paytient created Health Payment Accounts, which help patients pay for out-of-pocket medical expenses.
-
3 Employer Health Trends for 2023: Affordability Tops the List
Employers have several strategies for combatting rising healthcare costs, including moving to more value-based care arrangements, said Ellen Kelsay, President and CEO of Business Group on Health. Other top health trends for employers next year will be continued support of wellbeing programs and health equity.
-
Healthcare still has a few years to go before price transparency data makes an impact, Turquoise Health CEO says
The healthcare industry is still building software to can handle its complex and vast pricing data, so it still has a few more years to go before price transparency information actually becomes useful. Once software development cycle matures, this data can infiltrate the way providers and payers negotiate contracts and affect the way patients shop for care.
-
Consumers worried about healthcare costs as open enrollment nears, survey shows
In a survey of Americans with employer-sponsored coverage, 91% of respondents said they’ve experienced a payment-related issue in the past. Another 86% saying they’re worried their health benefits won’t cover all their healthcare needs.
-
Improving the patient financial experience requires an end to ‘mafia’-style price negotiations
The patient financial experience in the U.S. is poor — patients have a hard time understanding pricing data and they often face exorbitant prices for care and medications. This problem will only get better if the healthcare industry rids itself of price-gouging middlemen and closed-door price negotiations held by businesspeople, according to a recent healthcare innovation panel.
-
Applying Remote Patient Monitoring to Surgery Prep and Recovery, Oncology and Women’s Health
Join us to learn about the latest trends in remote monitoring and how to extend its benefits beyond chronic conditions to more patients – all while using fewer staff resources.
-
Survey: 67% of employers to prioritize controlling healthcare costs over next 3 years
Employers expect healthcare costs to increase 6% next year, up from the 5% increase they are experiencing this year. Respondents don’t see this improving down the road either, with 71% saying they anticipate moderate to significant increases over the next three years.
-
Lab testing transparency will improve patient care and lower costs
As the U.S. healthcare industry continues to advance value-based care and population health, lab testing price transparency and payment integrity programs should be a priority.
-
MedCity Influencers, Consumer / Employer, Health Tech, Payers
Why it’s time for hospitals to modernize their payment systems
By improving billing and payment systems, healthcare providers can help ease what is a common, anxiety-inducing burden for many patients.
-
MedCity Influencers, Consumer / Employer, Health Tech
The globally declining birth rate and the role of egg freezing
Depopulation places an unsustainable burden on a diminishing workforce, as fewer workers are available to support an increasing number of seniors. But technological improvements in egg freezing have resulted in vastly improved pregnancy rates and could help slow the decline in births.
-
Study finds health system specialty pharmacies linked to reduced cost of care for MA patients
A study published in the Journal of Managed Care + Specialty Pharmacy found Medicare Advantage patients reduced their cost of care by using specialty pharmacies instead of mail order or retail pharmacies.
-
Hospitals, MedCity Influencers, Consumer / Employer, Payers, Physicians
Healthcare costs are making America sick: Here’s what we can do about it
Cost is a primary reason people avoid or delay care, even when they are insured. But increasingly consumers are talking with providers, shopping around and taking advantage of cost transparency tools to access the care they need.
Promoted
Payer’s Place: Dr. Anil Singh
Dr. Anil Singh shares his insights into the strategies employed by the organization to identify the most effective digital solutions for their members.
Promoted
Discover the Next-Gen Platform for Integrated Collaborative Care
Beyond EHRs and digital front doors, reducing the gaps in patient care journeys.
