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Healthcare Bills, Affordability, and Self-Rationing Care Will Continue to Challenge U.S. Health Consumers in 2024

Health Populi

consumers say they can’t afford to pay their medical bills on-time, based on the 2023 Consumer Survey from Access One, a financial services company focused on healthcare payments. Furthermore, one-third of consumers are not confident they could pay a medical bill of $500 or more. Two-thirds of U.S. Note that U.S.

Billing 71
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A 2025 Subaru Forester, a Year at U-New Mexico, or a Health Plan for a Family of Four: the 2024 Milliman Medical Index

Health Populi

between 2023 and 2024, according to the 2024 Milliman Medical Index. The big number this year is $32,066, which is the cost of that employer-sponsored PPO for a family of 4 in 2024. Health care costs for an “average” person covered by an employer-sponsored PPO in the U.S.

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2024 ICD-10 Updates

Valant

The International Classification of Diseases, Tenth Revision (ICD-10) released updates for 2024 related to behavioral health, which went into effect October 1, 2023. The following changes will affect mental health coding: hepatolenticular degeneration (formerly E83.0, F33.3 , and ICD-10 Code for Anxiety, Unspecified 2024 – F41.9.

Billing 52
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Transitioning to In-House Billing for Mental Health Services

Valant

For behavioral health practices, transitioning to in-house billing for mental health services can be extremely beneficial. In-house billing can boost efficiency, reduce spending, improve revenue streams, and simplify compliance—even with ever-evolving regulations. What inefficiencies exist? What areas can be improved?

Billing 52
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Navigating Complex Payer Rules in Behavioral Health: A Guide for Providers and Billers

Valant

But understanding how to maintain compliance and bill properly is something that behavioral health clinicians and practice owners have to do. Read on to learn how your practice can keep up with the current rules and prepare for future changes. Every part of the billing process, front to back, is subject to these rules.

Billing 87
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RCM stands as a main challenge for CFOs and practice administrators 

Health Prime

RCM commands 24% of surveyed CFO’s time, followed closely by operations (18%) and cost management (17%). Credit balances: 4% The HFMA Health System CFO Pain Points 2024 report is based on a survey of 135 health system CFOs conducted in January 2024. At Health Prime, we can help!

Follow-Up 105
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Consumers Are So Over Their Paper Chase in Health Care Payments

Health Populi

As we start the month of April 2024 in the U.S., Paper checks are still a go-to form of payment to patients and plan members, and there remains lots of confusion among patients when it comes to up-front pricing and eventually the EOB statements resulting from the claims payment process. ‘Tis the season for J.P.

Billing 87