What You
Should Know:
- FAIR Health brief finds the total costs for all hospitalized COVID-19 patients range from a low of $362 billion in charges and $139 billion in estimated allowed amounts to a high of $1.449 trillion in charges and $558 billion in estimated allowed amounts, depending on the incidence rate of the infection in the US population.
- The total average charge per COVID-19 patient requiring an inpatient stay is $73,300 and the total average estimated allowed amount per
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health insurance
6 Coronavirus (COVID-19) Considerations for Telehealth Providers
As the novel coronavirus outbreak continues, the federal government and commercial health insurers have taken significant steps to increase Americans’ access to treatment and testing. In the past week, the federal government and private insurers have issued a number of guidance documents expanding coverage and payment requirements in an effort to minimize the spread of the virus.
As with any changes in coverage and reimbursement, healthcare providers offering telehealth services should
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The Hard Truth About Boosting Patient Acquisition
Technology giants and other non-traditional players are moving into the healthcare market, giving consumers a host of new options for how and where they obtain services. Everyone from Apple and Amazon to G.E. and Berkshire Hathaway are disrupting the market by introducing new delivery models that emphasize simplicity, transparency and positive digital experiences.
Traditional players will need to recalibrate how they build market share due to this new consumerism threat. In fact, a
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Biometrics Litigation in Healthcare: Symptoms May Include Statutory Damages
Over the last few years, hundreds of putative class actions have been filed under the Illinois Biometric Information Privacy Act (BIPA), which governs the collection, use, and storage of biometric information belonging to Illinois residents. Among the biggest targets of recent BIPA lawsuits are healthcare providers, including hospitals, long-term care facilities, and nursing homes.
Biometric data is no longer just a figment of science fiction writers’ imaginations. In recent times, private
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Steward Health Care System to Deploy MEDITECH Expanse EHR Across 35 Hospitals
- Steward Health Care System recently signed to implement MEDITECH Expanse EHR in 18 sites located across Arizona, Texas, Utah, Arkansas, and Louisiana. - The implementation is a part of Steward’s “One Platform” strategy to bring all 35 hospitals under a one single, integrated, enterprise EHR. Health IT company MEDITECH announces it will extend its 20-year partnership with Steward Health Care System, which recently signed to implement the MEDITECH Expanse EHR platform in 18 sites located across
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Grand Rounds Launches Population Health Solution to Address SDoH
- Grand Rounds announced the launch of Premium Navigation, the company’s new and most comprehensive population health solution to address social determinants of health (SDoH). Users now have a single entry point for all their healthcare needs, clinical and beyond.- Premium Navigation simplifies the ever-complicated healthcare experience. It connects members with their clinical care team for case management while guiding them around clinically appropriate benefits and advocacy support. Grand
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In-app Chat: The Future of Secure Doctor/Patient Communications?
It has not been easy for technology to permeate the healthcare industry, primarily due to stringent regulations that protect patient privacy— specifically HIPAA and HITECH. These regulations are both good and necessary, pushing technology providers to become more secure and private in order to gain entry into a market that touches nearly everyone’s life in some capacity. The bar is high.
As such, it has taken some time for new technologies to take hold safely within healthcare. But
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What Will It Take To Build The Uber of Medical Records? 3 Critical Steps to Consider
Our healthcare system has struggled with data silos and clumsy, antiquated data sharing practices forever and a variety of stakeholders will need to work together to achieve anything close to an “Uber of medical records.”
It’s well documented and understood that the healthcare industry has historically been slow to adopt new technology while other business sectors have welcomed it with ease. For example, while most industries abandoned the fax machine in the 1990s, as recently as 2017, fax
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Can Digital Health Bridge The Low-Income Gap?
We’ve known for a few years that income correlates with health in a major way. From the length of life to stroke risk to self-reported health status, the more access, opportunity, and means of upward mobility a person has, the better their projected health outcomes.
Waves of organizations are stepping up to help put things on a better course. Accountable and managed care organizations like Upward Health are working with payers, providers, and local governments to bring doctors, nurses, and
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Bright Health Lands $635M to Expand Medicare Advantage Plans to More Markets
- Bright Health, a diversified consumer-focused healthcare company announced it has raised $635M in Series D funding led by NEA. - The funding will be used to support Bright Health's aggressive growth and hiring as the company continues to strategically expand across products, geographies and consumer bases.- With this round, Bright Health has raised over a billion dollars in equity financing since early 2016, reaching "unicorn status" with a valuation of over $1B. Bright Health, a diversified
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