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Tag Archives: health insurance
Price Transparency in Healthcare
What is Price Transparency and How Does it Relate to Healthcare? Price transparency is exactly what it sounds like: a push for information on the prices of certain healthcare services to be made available to consumers. As healthcare in the … Continue reading
Posted in Affordable Care Act, cost savings, employee benefits, health care, health care costs, health care price transparency, health insurance, pay transparency, prescription drug prices, preventive health care, wellness
Tagged health, health care, health care costs, health care coverage, health care price transparency, health insurance, health insurance claims, health insurance premiums, healthcare, healthcare industry, medicare, price transparency, reference-based pricing
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Boon Buzz: Compliance Deadlines for Quarter 3 2019
Throughout the year, employers must comply with multiple reporting and disclosure requirements that are connected with their group health plans. As with everything else, when it comes to benefits, compliance is crucial. The third quarter of 2019 is no exception … Continue reading
Posted in ACA, ACA reporting, Affordable Care Act, compliance, employee benefits, employer-sponsored group health plans, ERISA, federal contractors, fringe benefits, government contractors, health insurance
Tagged ACA, ACA reporting, Affordable Care Act, boon blog, compliance, ERISA, form 5500, fringe benefits, govcon, government contractor, health, health care, health insurance, industry update, medical loss ratio, patient, patient centered outcomes research institute fee, pcori, self-funding, self-insurance
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Standards for San Francisco HCSO Released
The City of San Francisco recently released their official 2019 notice regarding the Health Care Security Ordinance that applies to businesses with 20 or more workers and nonprofits with 50 or more employees. It states that businesses with 20 or … Continue reading
Obama-era Fiduciary Rule Voided by U.S. Appeals Court
Last week, a federal appeals court voided the DOL’s Obama-era fiduciary rule. The rule was adopted in 2016 in an attempt to curb conflicts of interest among providers working with Americans that were planning for retirement. The Fifth U.S. Circuit … Continue reading
Posted in DOL, ERISA, health care, Uncategorized
Tagged compliance, DOL, health care, health insurance, retirement
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Modernizing Payment Processing Methods in the Health Care Industry
Today’s health care environment has grown increasingly complex due to compliance requirements that were introduced as part of the Affordable Care Act (ACA). Among other initiatives, the ACA included an industry mandate for the development and use of a HIPAA-compliant Electronic Funds Transfer (EFT) standard for electronic claims payments. The law also increased transparency by implementing Medical Loss Ratio (MLR) requirements that limit a health plan’s ability to pass increased administrative costs on to plan participants. Continue reading
Referrals Drive Up Hospital Revenue—and Health Care Costs
As the health care field becomes increasingly competitive, hospitals are acquiring independent practitioners in order to increase referrals and revenue. The American Medical Association says that one third of all doctors—mostly primary care practitioners—work for hospitals or for practices wholly or partially owned by hospitals. Continue reading
Posted in health care costs, health insurance
Tagged health care costs, health insurance
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