According to a TransUnion Healthcare analysis, the average out-of-pocket cost for patients increased from $1630 in 2016 to $1813 in 2017. This is leading to an increased need in third-party billing solutions to assist in automation of patient billing.
Congressional leaders last night released a spending bill that includes a $3 billion increase in funding for the National Institutes of Health, bringing the agency's fiscal year 2018 budget to $37.1 billion.
Trump Administration Announces MyHealthEData Initiative to Put Patients at the Center of the US Healthcare System
MyHealthEData is a new Trump Administration initiative to allow patients more control of their healthcare data. It reduces barriers for patients to access their data, and allows patients to choose the provider they want to give access.
CMS finalizes coverage of Next Generation Sequencing tests, ensuring enhanced access for cancer patients
CMS finalized coverage for diagnostics laboratory tests for patients with advanced cancer. These tests can assist providers in making more informed decisions.
According to a recent study by the Journal of the American Medical Association, the increased adoption of EHR did not lead to reduced medical billing costs. Although EHRs has proven to show efficiency in some organizations, the complexity and inefficiency of payor contract variations, rules and pricing structures is still a barrier.
The United States is moving towards value-based payments for populations, and precision medicine for individuals. With the use of an appropriateness modifier, the fee could be increased in high-value situations, and decreased in low-value situations.
The US Centers for Medicare & Medicaid Services on Friday reined in a national coverage proposal for next-generation sequencing oncology panels that had the lab industry worried that they'd have to successfully take their tests through US Food and Drug Administration's review if they hoped to secure Medicare coverage and had cancer patients vexed that the government payor was limiting their...
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