A hearing was conducted on Friday about the approval of the proposed $6.8 billion purchase of health insurance company HealthNet by Centene, according to a California Health Line report.
ASC Coding, Billing & Collections
The number of diagnosis codes has expanded from 13,000 ICD-9 codes to 68,000 ICD-10 codes, with 78 percent of ICD-9 diagnosis codes mapping 1-to-1 with an ICD-10 code, either exactly or approximately.
Uninsured residents may face a steep fine of 2.5 percent of annual income or $695 per adult and $347.50 per child if they do not sign up for health insurance, according to FOX San Antonio.com.
United States Department of Health & Human Services Secretary Sylvia Mathews Burwell said the agency will meet their goal of transitioning 30 percent of fee-for-service Medicare payments to value-based payments by the end of this year, according to Healthcare Dive.
The Pennsylvania legislature estimates the state's 500 schools districts could save a total of $200 million annually if they united in one statewide health insurance program, according to ReadingEagle.com. The Legislative Budget and Finance Committee conducted the study.
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A Navicure survey found 66 percent of providers plan to focus on improving their overall revenue cycle management process in 2016, according to HIT Consultant.
In 2013, tax-funded expenditures accounted for 64.3 percent of U.S. healthcare spending.
Healthcare.gov CEO Kevin Counihan is encouraging people to sign up for health coverage before the Jan. 31, 2016 deadline, according to KMBC.com.
Despite outpatient surgery costing significantly less than inpatient procedures, many large employers are not offering employees outpatient coverage, according to The Washington Post.
Responding to complaints from insurance companies, the Obama administration announced several steps that will make it harder for consumers to obtain health insurance after the annual open enrollment period, according to The New York Times.