The Broker Innovation Lab celebrates brokers and other benefits stakeholders who have embraced the changing marketplace to position themselves and their business for future success
New transparency rules are generating vast amounts of pricing information; however, the health care industry is finding that while collecting data is one thing, making sense of it can be something else entirely
In 2023, as the convergence of transparency rule deadlines, firmer penalties for non-compliance, and changing consumer behaviors gains traction, these five trends will emerge.
The analysis notes that the reported hospital prices often don't include data on the contracting method and payer class, which hospitals are not mandated to share by the new federal regulations.
Hospital and payer transparency has started to produce actionable changes in the health care delivery system and advisors need to ready their plan sponsor clients for what is to come. The advisors who prepare and plan for this new health insurance landscape will set themselves apart and be in the best position to benefit from these changes.