Health care prices in the United States

Global Healthcare IT Systems Interoperability Market (2021 to 2029) - Featuring Infor, Oracle and Cerner Among Others - ResearchAndMarkets.com

Retrieved on: 
Tuesday, August 3, 2021
General Health, Other Health, Health, Technology, Software, Articles, Interoperability, Product testing, Telecommunications engineering, Computing, Health care prices in the United States, Health informatics, Semantic interoperability

Aforementioned factors have certainly created a positive outlook on the growth of overall Healthcare IT Systems Interoperability market.

Key Points: 
  • Aforementioned factors have certainly created a positive outlook on the growth of overall Healthcare IT Systems Interoperability market.
  • Challenges such as lack of standardization, complexity and high cost of installations have restrained the growth of Healthcare IT Systems Interoperability market.
  • Rising healthcare costs and increasing need to provide effective healthcare services have led to the growing demand for healthcare IT systems interoperability.
  • The U.S. represented the largest and most attractive Healthcare IT Systems Interoperability Market owing to need for effective use of healthcare IT systems.

U.S. Out-Of-Pocket Healthcare Spending Swells to $491 Billion, Up 10%

Retrieved on: 
Thursday, July 29, 2021
Health Economics, Articles, Health care prices in the United States, Out-of-pocket expense, Health, Health care reform

This will result in almost $800 billion of consumer out-of-pocket healthcare spending in 2026, reports leading medical market research publisher Kalorama Information in the recent study Out-of-Pocket Healthcare Expenditures in the United States, 5th Edition .

Key Points: 
  • This will result in almost $800 billion of consumer out-of-pocket healthcare spending in 2026, reports leading medical market research publisher Kalorama Information in the recent study Out-of-Pocket Healthcare Expenditures in the United States, 5th Edition .
  • "A variety of demographic, business, and government trends are contributing to rising out-of-pocket healthcare expenses in the United States," says Bruce Carlson, publisher for Kalorama Information.
  • Continuing a long-standing trend, out-of-pocket expenditures for healthcare products and services in the United States represent a significant portion of consumers' incomes as of 2021.
  • The economic effects of the Covid pandemic will further dampen spending, although not significantly.

United States Out-of-Pocket Healthcare Expenditures 2021 and Efforts to Contain Out-of-Pocket Spending - ResearchAndMarkets.com

Retrieved on: 
Monday, July 26, 2021
Professional services, Public policy, Government, Healthcare reform, Health, Other Health, Finance, Health Economics, OOP, Out-of-pocket expense, Articles, Health care prices in the United States, Health, Microeconomics

The "Out-of-Pocket Healthcare Expenditures in the United States, 5th Edition" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Out-of-Pocket Healthcare Expenditures in the United States, 5th Edition" report has been added to ResearchAndMarkets.com's offering.
  • A variety of demographic, business, and government trends are contributing to rising out-of-pocket (OOP) healthcare expenses in the United States.
  • This report examines these trends in detail, focusing on the financial aspects of OOP spending growth and quantifying the growth of OOP spending with forecasts of total expenditures and specialized healthcare financing.
  • The report examines past, current, and future levels of U.S. out-of-pocket healthcare expenditures both in total and as specific sub-groups (by type, by payment method, by elective vs. non-elective).

Nova Healthcare Administrators, Inc. Announces Partnership with HealthJoy

Retrieved on: 
Tuesday, July 20, 2021
Articles, Health Economics, Health informatics, Assistive technology, Telehealth, Health care prices in the United States, Health administration

CHICAGO, July 20, 2021 /PRNewswire-PRWeb/ --Nova Healthcare Administrators, Inc. (Nova) announced Friday its latest partnership with HealthJoy, the on-demand personalized healthcare navigation platform, to bring HealthJoy TPA+ to current clients and new business prospects.

Key Points: 
  • CHICAGO, July 20, 2021 /PRNewswire-PRWeb/ --Nova Healthcare Administrators, Inc. (Nova) announced Friday its latest partnership with HealthJoy, the on-demand personalized healthcare navigation platform, to bring HealthJoy TPA+ to current clients and new business prospects.
  • HealthJoy TPA+ proactively connects members with a variety of services, including telemedicine, healthcare concierges, price transparency assistance, and more, to help them choose high-quality, lower-cost healthcare.
  • "Controlling healthcare costs begins with consumer education and engagement," said Todd Martin, Chief Sales Officer, Nova Healthcare Administrators.
  • Our clients will have more control over their healthcare spend, their employees will have better healthcare outcomes, and ultimately, we'll begin to shift the way people experience healthcare."

Insights on the Healthcare Discount Plan Global Market to 2026 - by Service, Deployment Model, End-user and Geography - ResearchAndMarkets.com

Retrieved on: 
Friday, June 18, 2021
Professional services, Health, Insurance, Other Health, Health, Articles, Health Economics, Bloomfield, Connecticut, Cigna, Health care prices in the United States, Health care

The "Global Healthcare Discount Plan Market (2021-2026) by Service, Deployment Model, End user, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Healthcare Discount Plan Market (2021-2026) by Service, Deployment Model, End user, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
  • In December 2018, Cigna launched the new Cigna Healthy Pregnancy app to help improve health and lower overall healthcare costs for pregnant women.
  • The report offers a comprehensive evaluation of the Global Healthcare Discount Plan Market.
  • A complete analysis of the market, including parent industry
    Increasing Demand for Private Health Discount Plans in Different U.S. States

Milliman Medical Index: Cost of healthcare for a family of four decreases for first time in report history, to $26,078 in 2020, but costs are projected to rebound in 2021

Retrieved on: 
Thursday, May 27, 2021
Health, Articles, Health Economics, Pharmaceuticals policy, Pharmacy, Drugs, Health care prices in the United States, Prescription drug, COVID-19 pandemic

For the first time in the 16-year history of the MMI, healthcare costs decreased by 4.2% as a result of the COVID-19 pandemic.

Key Points: 
  • For the first time in the 16-year history of the MMI, healthcare costs decreased by 4.2% as a result of the COVID-19 pandemic.
  • Based on restated claims data, healthcare costs for a hypothetical family of four in 2020 were $26,078, compared to $27,233 in 2019.
  • "Eliminated care in 2020 more than offset the cost of COVID-19 testing and treatments," said Dave Liner, co-author of the MMI.
  • "In fact, all categories of healthcare costs inpatient, outpatient, and professional and other services were lower in 2020 compared to 2019, except for prescription drug costs."

Report: Castlight Health's Navigation Solution Helps Employers Significantly Reduce Healthcare Costs

Retrieved on: 
Monday, May 24, 2021
Health Economics, Castlight Health, Articles, Health care prices in the United States, Health

Large employers in the U.S. continue to see healthcare costs rise at a significant rate and could increase due to the impact of deferred care throughout the pandemic in 2020.

Key Points: 
  • Large employers in the U.S. continue to see healthcare costs rise at a significant rate and could increase due to the impact of deferred care throughout the pandemic in 2020.
  • In addition, billions of dollars are spent on unnecessary care each year , further driving increased healthcare costs.
  • The report found that employers who implemented Castlight experienced a lower average medical spend in 2019 of $814 per-employee-per-year for members who used Castlight compared to their matched cohorts.
  • Providing tailored recommendations and streamlined access to providers, health programs, and other healthcare resources is essential to decreasing healthcare spend and improving employees' overall healthcare experience and outcomes.

United States Medical Coding Market Size, Share & Trends Analysis 2021-2028 by Classification System (ICD, CPT, HCPCS), & Component (In-house, Outsourced) - ResearchAndMarkets.com

Retrieved on: 
Thursday, May 6, 2021
Managed care, Health, Practice Management, Health, Articles, International Classification of Diseases, Psychopathology, World Health Organization, Clinical coder, Health care prices in the United States, Draft:Medical Billers And Coders To Be Replaced By Software And Technology Or Outsourced?, Medical billing

Moreover, new codes were developed for coding and billing of the COVID-19 disease.

Key Points: 
  • Moreover, new codes were developed for coding and billing of the COVID-19 disease.
  • For instance, new ICD codes were launched by the World Health Organization, such as U07.1, B34.2, and B97.29.
  • This, in turn, is estimated to drive market growth over the coming years.\nThere is a significant rise in healthcare costs.
  • Medical coding aids in reducing these costs while offering the right treatments.

One Medical and ParetoHealth Partner to Bring Innovative Healthcare Solutions to Employers

Retrieved on: 
Thursday, May 6, 2021
Articles, Health Economics, Health, Workplace, Health care prices in the United States, Absenteeism, Health care quality, Workplace health promotion, Health insurance in China

The employee experience can suffer as traditional benefits struggle to improve employee productivity, reduce absenteeism, or create better health outcomes, while managing healthcare costs.

Key Points: 
  • The employee experience can suffer as traditional benefits struggle to improve employee productivity, reduce absenteeism, or create better health outcomes, while managing healthcare costs.
  • "Access to high-quality primary care not only reduces the frequency and severity of high-cost medical claims, but the cost of healthcare overall.
  • It allows employers to guide employees to better quality, lower cost healthcare while providing them with much-needed transparency into healthcare needs in their organization.
  • Its turnkey employee benefit health solution provides multiyear protection, thereby allowing employers to focus on reducing healthcare costs.

Independent Analysis Demonstrates that Employers Using Rightway Care Navigation Have 15% Lower Healthcare Costs Compared to Market Average

Retrieved on: 
Tuesday, May 4, 2021
Articles, Academic disciplines, Health Economics, Actuarial science, Demography, Insurance, Health care prices in the United States, Actuary

b'NEW YORK, May 4, 2021 /PRNewswire/ -- Rightway , a healthcare technology and services company revolutionizing care navigation and pharmacy benefits, today released the findings of an analysis performed by actuaries at the global professional services firm Aon, demonstrating that Rightway\'s clients see 15% lower healthcare costs compared to a rigorously matched control group.\nIndependent analysis shows that employers using Rightway have 15% lower healthcare costs compared to market average.\nAon conducted an actuarial analysis of three Rightway clients and their healthcare spending during the 2019 calendar year.

Key Points: 
  • b'NEW YORK, May 4, 2021 /PRNewswire/ -- Rightway , a healthcare technology and services company revolutionizing care navigation and pharmacy benefits, today released the findings of an analysis performed by actuaries at the global professional services firm Aon, demonstrating that Rightway\'s clients see 15% lower healthcare costs compared to a rigorously matched control group.\nIndependent analysis shows that employers using Rightway have 15% lower healthcare costs compared to market average.\nAon conducted an actuarial analysis of three Rightway clients and their healthcare spending during the 2019 calendar year.
  • The clients in the study are self-insured employers in the United States who have been using Rightway\'s care navigation solution since 2018.
  • The analysis demonstrated that healthcare costs among Rightway clients were 15% lower than the market average, representing a cost difference of $823 on a PMPY (per member per year) basis and reflecting a more efficient use of medical benefits by employees.
  • Its care navigation and pharmacy benefits solutions are delivered through a consumer-centric app that pairs every member with a live, clinician-led care team.