Revenue Cycle and Payer News 4-15-2020

To Read:

52% Don’t Have Enough Money Saved To Cover Medical Costs If They Contract COVID-19
Not enough savings and afraid of the cost of contracting COVID-19. A survey finds 52% don’t have enough money saved to cover COVID-19 medical costs. Unveiling the financial status of many Americans’, 46% would think twice about seeking medical care right now because of cost. Price transparency is also a major concern: 90% think coronavirus medical care prices should be available like prices on a restaurant menu.

Financial News:

Humana Inc. to Release First Quarter 2020 Results on April 29, 2020
Humana Inc. (@humana) will release its financial results for the first quarter 2020 (1Q20) on Wednesday, April 29, 2020 at 6:30 a.m. eastern time. The company will host a conference call at 10:00 a.m. Eastern time that morning to discuss its financial results for the quarter and earnings guidance for 2020.

Cigna Corporation’s First Quarter 2020 Earnings Release Details
Global health service company Cigna Corporation (@cigna) will release its first quarter 2020 financial results on Thursday, April 30, 2020 and will host a conference call on the same day.

COVID-19 News:

Humana Announces Health Care Provider Initiative to Help Ease Financial and Administrative Stress During Coronavirus Pandemic
Health and well-being company Humana Inc. announced actions designed to help provide financial and administrative relief for the health care provider community facing unprecedented strain during the coronavirus pandemic.

CVS Health announces actions to support health care providers and patients during the COVID-19 pandemic
CVS Health (@cvshealth) announced several steps to support Aetna-contracted health providers and their patients in response to the COVID-19 pandemic.

UnitedHealth Group Accelerates Nearly $2 Billion in Payments and Support to Health Care Providers to Help with COVID-19 Financial Challenges
UnitedHealth Group (@uhc), through UnitedHealthcare and Optum, has announced it is taking steps immediately to accelerate payments and other financial support to health care providers in the U.S. to help address the short-term financial pressure caused by the COVID-19 emergency.

Experian Health will provide free access to a list of payer policy alerts related to COVID-19 and telehealth
Experian® Health (@Experian) made available a free comprehensive list of COVID-19 and telehealth payer policy alerts for United States hospitals, medical groups, pharmacies and specialty healthcare service organizations. Experian Health is a leading provider of revenue cycle management products that address claims management, payer contract management and patient collections.

Anthem Announces Additional Resources for Consumers, Care Providers and Community Partners to Deliver Whole Health Care Support and Relief in Response to COVID-19
As the nation comes together to address the COVID-19 crisis, Anthem is delivering support and relief to all those affected as part of our ongoing commitment to improving lives and communities. Anthem (@AnthemInc) is announcing a number of new resources and initiatives developed in partnership with leading community and health partners to provide support for the whole health needs of individuals, families and communities.

Local Blue Cross and Blue Shield Companies Waive Cost-Sharing for COVID-19 Treatment
Blue Cross and Blue Shield (BCBS) companies are working closely with state and local governments, as well as partners within the health care system, to address local needs from the COVID-19 outbreak. The Blue Cross Blue Shield Association (@BCBSAssociation) announced that independent and locally-operated BCBS companies across the country and the BCBS Federal Employee Program® (FEP®) have decided to waive cost-sharing for treatment of COVID-19 through May 31. This includes coverage for testing and treatment administered, including for inpatient hospital stays. Participating BCBS companies will reimburse health care providers at in-network or Medicare rates as applicable and consistent with relevant state regulations.

CareSource Provides Mental Health Support during Coronavirus Pandemic
CareSource (@caresource), a multi-state managed care plan, has responded quickly to the coronavirus (COVID-19) pandemic and is providing numerous supports for its members and communities during this time.

Cigna and Express Scripts Partner with Buoy Health to Offer Digital COVID-19 Screening Tools
Cigna and Express Scripts are working with Buoy Health to provide an early intervention screening tool to help customers and members understand their personal risks for COVID-19. The digital tool immediately triages symptoms and recommends next steps for care, while also relieving demand on an over-burdened health care system.

Centene Announces New Community Investments To Address Social Determinants Of Health
Centene (@Centene) announced a series of investments to address the social determinants of health for vulnerable populations during the COVID-19 crisis. These actions build on the company’s long-standing commitment to research and investment in areas related to the social determinants of health, which are the non-medical barriers to achieving quality health outcomes.