Here’s what you should know:
1. The payer said it’s withdrawing from the market because of the changing regulatory environment.
2. The payer claims it is financially sound, and that it will pay out remaining claims.
3. Baptist Health Plan stopped issuing fully insured policies on July 1.
4. The majority of affected customers will be in Kentucky and Southern Indiana.
5. In October 2016, the payer also withdrew from Kentucky’s individual health insurance markets. Baptist Health Plan is the state’s fifth largest payer.
More articles on coding, billing and collection:
Seniors more likely to drop Medicare Advantage plans when growing sicker — 4 insights
Payers and urgent cares must be partners in value-based model
Pain management in 2017: Tips for thriving despite the challenges
