NCDS Medical Billing Backs H.R. 8800 Supporting Medicare Providers Act of 2022
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Consulting
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Topic:
Revenue Management
Healthcare organizations will increase their cybersecurity budgets, in some cases by more than 15% compared to 2022
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Demand for contract labor costs this year should normalize at about 60% higher than 2019 levels
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Medicare Advantage enrollment is expected to reach a milestone this year, exceeding 50% of the total Medicare population in 2023
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An estimated 5 million to 14 million are expected to lose coverage as states resume eligibility checks
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63% of CEOs identified inadequate Medicaid reimbursement as a concern
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Over the last year, medical care prices grew by 3.1%
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The researchers found that, overall, medical deductibles were higher in 2023 than in 2022
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The healthcare industry could save almost $25 billion, or 41%, by fully automating administrative transactions
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Smaller party annual revenues exceeded $1 billion in more than 15% of last year’s transactions, coming in just below the previous year’s historic high of 16.3%
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The federal budget will extend incentive payments for alternative payment models for an additional year, through 2025. However, the incentive payments will be at 3.5% instead of 5%
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