February Health Insurers News
It is evident that the healthcare industry has changed drastically in the past few years. With the country slowly coming to terms with a new way of living, it’s important that we look into the way health insurance plays into the picture. From studying new legislation to identifying upcoming trends, HealthLink Dimensions has compiled the essentials that health insurers need to keep in mind for the next few months. We’re kicking off 2022 with some brand new findings; here’s what we released during the exciting first month of the year!
HealthLink Dimensions’ 2021: Before jumping into the new year, we looked back on 2021. It was a year where most of the country was getting adjusting to a new lifestyle; working from home and wearing masks has quickly become necessary habits.
HealthLink Dimensions made multiple proud milestones in 2021, such as the opportunity to work with Blue Cross of Idaho for No Surprises Act compliance. On top of partnering with great organizations, we discussed some important topics in our 2021 Year in Review, such as how to network more efficiently and what to expect with the No Surprises Act.?
Preparing For the No Surprise Act: With a new act passing, it’s evident that there are going to be many unexpected changes in healthcare. It’s important that insurers look deeper into the No Surprises Act beyond what the media covered, and quickly adapt to what the new legislation will bring to the industry. For example, we predict that there is going to be an increase in vertical integration as well as private equity investment, in addition to a shift in power dynamics of rate negotiations that will differ based on various criteria. We’ve identified ten major changes the No Surprises Act might surprise health insurers with, and analyzed how this will effect all parts of the healthcare industry.?
How We’re Helping Specialty Pharmacies: As we leap into 2022, we want to recognize Specialty Pharmacies that provide high data quality and data management, allowing for optimal patent care. We know that a challenge faced by different parts of the healthcare industry is the countless number of fragmented data sources, which can often lead to mistakes. HealthLink Dimensions is constantly tackling this issue by providing a cloud-based data management application, with a proven track record of success that we hold pride in.
Looking At Upcoming Trends: 2022 is the year for health insurers, especially with 2021’s two acts of legislation bringing changes. These will surely bring new trends in the industry landscape. To adapt to a new era as seamlessly as possible, health insurers need to quickly familiarize themselves with upcoming trends. Healthcare Dimensions has identified and analyzed 4 trends for health insurers for the upcoming year. We realize the necessity to be consistently transparent and attentive, especially with COVID-19 constantly being an uncertain factor in the long term. Keeping this in mind, our HealthLink Dimensions Insurer solutions provide a database that acts as a compiled source for insurers to compare and evaluate data.