Physicians Health Plan announced that it would be pulling out of Indiana’s insurance exchange “to avoid millions of dollars in losses.”
Here’s what you should know:
1. More than 6,000 customers will have to chose a new health plan after the insurer’s departure.
2. The insurer will continue to sell small group insurance, but is dropping all individual coverages.
3. Indiana ACA customers will have four insurers to choose from after Physicians leaves the exchanges.
4. UnitedHealthcare also announced it would be leaving the Indiana exchanges recently.
5. Federal officials have said they’re confident consumers will continue to find affordable options.
More news related to coding, billing and collections:
Cigna, Cigna Foundation work to enhance care for critically ill patients: 5 things to know
Startup insurance company Oscar Health pulling out of exchanges in 2 states: 6 thoughts
UnitedHealth’s value-based care reimbursement model improving patient outcomes
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.