Industry Updates

//Industry Updates

Health Spending Slowed in 2017

According to the new annual report published by the Centers for Medicare and Medicaid Services' Office of the Actuary, the U.S. healthcare spending growth had decreased from 2016 to 2017. Factors that had caused the decline in healthcare spending was the reduced use of hospital care, physician services and prescription drugs. In 2017, the annual [...]

By | 2018-12-07T10:21:01+00:00 December 7th, 2018|Articles, Industry Updates|0 Comments

Telehealth Not As Prominently Utilized in Medicare

In a report to Congress, the Centers for Medicare and Medicaid Services (CMS) stated that telehealth has the potential to provide valuable care without an increase in cost. Although promising, telehealth has yet to be adopted across Medicare beneficiaries. Within 2014 to 2016, less than one percent of all Medicare beneficiaries, which is estimated to [...]

By | 2018-11-21T09:29:49+00:00 November 21st, 2018|Articles, Industry Updates|0 Comments

CMS Unveils New Initiative for Medicare User Experience

The Centers for Medicare & Medicaid services (CMS) unveiled a new initiative to enhance the user experience for Medicare beneficiaries. The eMedicare initiative aims to give users a more personalized online health care experience, empowering patients with updated Medicare resources. Through a multi-year strategy, the CMS' eMedicare initiative will use consumer data integration and web [...]

By | 2018-10-05T09:43:41+00:00 October 5th, 2018|Articles, Industry Updates|0 Comments

CMS Saved $314 Million from Medicare ACOs

Just after the Centers for Medicare and Medicaid Services proposed overhauling Accountable Care Organizations (ACOs), the CMS shared on Thursday that Medicare ACOs had made $1.1 billion from 2017 in savings. Of that $1.1 billion in savings, the CMS allocated $780 million with the Medicare ACOs, leaving the CMS with $313.7 million. The CMS recently [...]

By | 2018-08-31T15:26:52+00:00 August 31st, 2018|Articles, Industry Updates|0 Comments

GAO Released Report on 2018 Open Enrollment

The U.S. Government Accountability Office (GAO) released a report on August 23, 2018 regarding the effect the Trump Administration has had on open enrollment via healthcare.gov for 2018. The Trump administration has made many actions that have affected the outcomes of the 2018 enrollment period, including reducing the time frame from 90 days to 45 days [...]

By | 2018-08-24T12:53:57+00:00 August 24th, 2018|Articles, Industry Updates|0 Comments

Trump Administration Sued for Association Health Plan Rule

On Thursday, twelve Democratic Attorneys filed a lawsuit against the Trump Administration in an effort to block the association health plan rule that the Trump Administration had proposed. The final version of the association health plans last Tuesday and are meant to encourage healthy individuals to look for cheaper health coverage options, which could ultimately [...]

By | 2018-07-27T09:40:21+00:00 July 27th, 2018|Articles, Industry Updates|0 Comments

CMS Reconstructs Standards to Compensate for Telemedicine

The Centers for Medicare and Medicaid Services (CMS), proposed on Thursday their plans to compensate doctors for telehealth services, where it is consulting via telephone or other methods of telecommunication on multiple types of devices. Telehealth plays a significant role in providing health care to elderly and disabled patients, making it easier for physicians to [...]

By | 2018-07-13T13:35:07+00:00 July 13th, 2018|Articles, Industry Updates|0 Comments

Hospital Spending Leading the Industry in Healthcare Price Hike

A new report has emerged, showing that hospital spending in March 2018 was the leading factor in healthcare price increase. According to Altarum, who supplied the new report, the increased healthcare prices in March caused the overall healthcare prices to be at its highest since January 2012. The increase in hospital prices could be attributed [...]

By | 2018-04-13T15:18:38+00:00 April 13th, 2018|Articles, Industry Updates|0 Comments

Three Large Companies Collaborate to Provide Healthcare At a Lower Cost

Amazon, JPMorgan and Berkshire Hathaway Take Healthcare Into Their Own Hands Early Tuesday, Amazon, JPMorgan and Berkshire Hathaway announced that they are collaborating to form a healthcare company to provide healthcare to their employees in the U.S. at a lower cost. Amidst uncertainties in the healthcare insurance market and with looming increases in healthcare costs, [...]

By | 2018-03-27T10:20:25+00:00 February 1st, 2018|Articles, Industry Updates|0 Comments