Revenue Cycle and Payer News – April 13, 2022

Collaboration News: and Medica team up to support kidney health, a company transforming the smartphone camera into a medical device, and Medica (@Medica4Me), a mission-driven nonprofit health insurance plan, announced a pragmatic trial giving at-risk plan members the ability to test their kidney function at home.

Company News:

Blue Cross Blue Shield Association Names New Vice President of Network Solutions
The Blue Cross Blue Shield Association (@BCBSAssociation) announced Erin Barney as its new vice president of network solutions, effective immediately. Barney will lead collaboration with the 34 Blue Cross and Blue Shield companies to develop, deliver and maintain creative and innovative network programs that fit members’ health care needs nationwide.

New Respite Care Option Launched in Montgomery County
CareSource (@caresource), a nationally recognized nonprofit health plan, announced a new option with the Montgomery County Board of Developmental Disabilities (MCBDDS) and I Am Boundless to provide respite care for parents and other caregivers of people with intellectual and developmental disabilities (I/DD) and behavioral health challenges.

Financial News:

Additional $100 Million Investment in Housing Bolsters UnitedHealth Group’s Efforts to Address Social Determinants and Achieve Better Health Outcomes
UnitedHealth Group (@UnitedHealthGrp) announced an additional $100 million investment in the Health & Housing Fund — a partnership with Stewards of Affordable Housing for the Future (SAHF) and National Affordable Housing Trust (NAHT). The announcement brings the company’s total investments in affordable housing to nearly $800 million, resulting in the creation of nearly 19,000 homes for individuals and families struggling with housing insecurity, more than 1,000 of which will be a direct result of the new investment.

Humana Foundation $5.5 Million Investment Sustains Health Equity Momentum in Targeted Communities
The Humana Foundation, philanthropic arm of Humana Inc. (@Humana) for the past 40 years, continued its $5.5 million investment in six communities across the United States to improve greater health equity outcomes for marginalized populations. This ongoing investment supports the Foundation’s commitment to addressing the specific needs of communities while promoting more healthy days and focusing on asset and financial security, food security and social connections.

Humana Completes Aggregate $750 Million Debt Offering
Humana announced the completion of its public offering of $750 million aggregate principal amount of the company’s 3.700 percent senior notes, due 2029 (the “Senior Notes Offering”).

Independence Health Group reports 2021 financial results
Independence Health Group, Inc., (@ibx) the parent company of Independence Blue Cross, LLC, reported solid financial results for 2021 with total revenue of $24.7 billion, up $2.9 billion or 13.3 percent over 2020. When revenues are combined with claims paid on behalf of self-funded employers, Independence had health care funds under management of $34.5 billion in 2021, up from $29.5 billion in 2020.

Policy News:

Biden Harris Administration Proposes Rule to Fix “Family Glitch” and Lower Health Care Costs
The Biden-Harris Administration is proposing a rule to strengthen the ACA by fixing the “family glitch,” which would save hundreds of thousands of families hundreds of dollars a month.

To Read:

AHIP Congratulates Members Named to Fortune’s 2022 100 Best Places to Work For by AHIP – WASHINGTON, D.C. – (April 12, 2022) – AHIP congratulates member organizations Anthem, Blue Shield of California, and Mutual of Omaha for being named Fortune’s 2022 100 Best Places to Work For. The 100 Best Places to Work For prioritized employee well-being and places that fostered cultures of inclusion, purpose, listening, caring, and empathy.

The Importance of the Mind-Body Connection in Promoting a Healthy Workforce – Employee mental health is being impacted like it never has been before and this also impacts the workplace. Companies that expand their definition of a healthy workforce and provide holistic support through benefits and employee well-being experiences stand to win in the end.

AHIP Comments on CDC Clinical Practice Guidelines for Prescribing Opioids – Every American deserves affordable, comprehensive coverage that allows them to access equitable, high-quality care – care that helps them avoid the dangers of inappropriate prescribing of opioids. With this commitment, AHIP submitted comments on the Proposed 2022 CDC Clinical Practice Guideline for Prescribing Opioids. Here are the highlights.

Upcoming Events:

AHIP 2022 (@ahipcoverage)
What: AHIP 2022. (Formerly AHIP Institute & Expo)
When: June 21 – 23, 2022
Where: Las Vegas, NV
Register here.

AHIP 2022 – What’s next for your members and the communities you serve? Find it at AHIP 2022. (Formerly AHIP Institute & Expo.) Health care’s essential event has a new name that prioritizes what’s next right now, building on AHIP’s decades-long heritage of bringing together the people, ideas, and solutions guiding greater health.