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An analysis by AHIP and the Blue Cross Blue Shield Association estimates that the No Surprises Act prevented 10.1 million unexpected out-of-network medical bills from January to September 2023. The report, which is based on a survey of 21 health insurers that represent 65% of the commercial market, found that most of the claims eligible under the law were settled through an initial payment, and less than a fourth of the claims underwent the 30-day negotiation process.

Do your patients want more information about costs before a private heath procedure? The Medical Costs Finder shows the typical costs of common private health procedures to help people understand and plan for what their bills might look like. It also has tips for them on how to discuss medical costs with GPs, specialists, and private health insurers. Find more information at 💻 https://lnkd.in/dDcbs7FC #MedicalCostsFinder #MedicalCosts

Attention Health and Life Insurers seeking to elevate customer satisfaction: Don't miss out on this exclusive webinar featuring insights from Industry Experts! Join us for invaluable knowledge and strategies to enhance your customer experience.

📣 Attention Health Insurers! Are your CX investments paying off? Join our webinar to discover critical strategies insurers like you use to connect investments to business outcomes. https://bit.ly/4bJYATu

According to the Experian Health 2024 State of Claims survey, claim denials are up 31% year over year. Increasing numbers of claim denials by insurers is exacerbating the financial challenges of healthcare providers and their service partners, complicating revenue cycle management. www.AMB-EMS.com #AMB #denialmanagement #USHealthcare #medicalclaims #Insurancecompanies https://lnkd.in/e7V586UN

The reckoning is nigh. The $4.3T Healthcare industry just got more expensive. When American lose the OPTION (carrying commercial insurance or not) to pay for more expensive healthcare, the MANDATORY (Medicare and government programs) tax will fill the gap. The best personal decision is to avoid the cost while you still can. Monitor your health more closely, starting with BMI. There is no free lunch. Learn more at www.beekhealth.com #healthcarecosts #patientdata #chronicconditions https://lnkd.in/eBe7_uhP

We’re asking health insurers to put patients first. We are pushing for fair payment that protects our ability to deliver high-quality care where & when it’s needed. It’s about protecting patients, not profits. Because Health Comes First. Learn more at https://lnkd.in/g4dKy-Ke.

Health insurers review to manage rocketing medical inflation Medical costs in the Asia-Pacific region are expected to rise further in 2024. There is also an increase in non-communicable diseases and a large critical illness gap in many markets. Asia Insurance Review spoke with health insurers for insights. By Nadhir Mokhtar Profit margins are thinning for health insurers in Asia, especially those trying to keep premiums low while medical costs increase at a concerning pace. In Asia Pacific, the average medical trend rate is forecast to reach 9.7% in 2024, from 9.2% in 2023 – the highest since 2015 according to Aon’s ‘2024 Global Medical Trend Rates’ report. https://lnkd.in/dbeferrD

📰 In a recent article by The Wall Street Journal, the challenges faced by patients caught in the middle of contract disputes between hospitals and health insurers have been highlighted. Letters are being sent to patients warning them that they risk losing access to their trusted doctors. 🥕 At Radish Health, we understand the importance of continuity of care and the impact these disputes can have on patients. Our mission is to provide support and guidance to individuals navigating through such situations, ensuring they receive the care they deserve. 💡 If your company is facing uncertainty due to these contract disputes, reach out to Radish Health today. Let's work together to find solutions and ensure you continue to receive the quality care you deserve. #RadishHealth #HealthcareSupport #PatientCare #NavigatingChallenges #ContinuityOfCare 🌿🏥💼

You may have recently heard about contract discussions between health care providers and health insurers, and how it may affect you. We want to help you understand how the contracting process works and how we consider the needs of providers and members throughout these discussions. To learn more, visit https://bit.ly/3XnkxRE