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McKinsey: Healthcare Profit Pools to Reach $819B by 2027

HIT Consultant

What You Should Know: – The US healthcare industry, after weathering a storm of inflation, labor shortages, and lingering COVID-19 impacts in 2023, is now showing signs of a promising rebound, according to a new repor t by McKinsey & Company. This shift fuels a 5% CAGR for payer profit pools, reaching $78 billion by 2027.

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Inflation Could Result in Additional $370B in Healthcare Costs by 2027

HIT Consultant

What You Should Know: – McKinsey & Company’s latest report reveals inflation could result in $370 billion in an additional increase above the baseline in healthcare costs by 2027, causing the government, employers and consumers to burden the cost. trillion through 2027, according to McKinsey analysis.

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Illinois permanently expands access to telehealth

Healthcare IT News - Telehealth

The bill, HB 3308, requires insurance reimbursement parity for virtual mental health and substance use disorder services, as well as authorizing all other telehealth to be covered through 2027. The new law builds on executive orders Pritzker put into place earlier in the COVID-19 pandemic. " WHY IT MATTERS. ON THE RECORD.

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A Public Health Wake-Up Call: Reading Between the Lines in IQVIA’s 2023 Use of Medicines Report

Health Populi

It’s a volume speaking volumes on the current picture of prescribed meds, spending and revenues, health care utilization trends, and a forecast looking out to 2027. First, we look at the macro picture on health services utilization comparing the end of 2022 with pre-COVID-19 levels.

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Why Digital Transformation is Imperative to Combat Healthcare’s Labor Crisis

HIT Consultant

As the coronavirus pandemic first spread across the globe, health systems turned to technology and virtual care while focusing their efforts on COVID-19 and its consequences. COVID-related emergency department visits doubled between December 2021 and January 2022 to their highest level since the pandemic began. In the U.S.,

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Telehealth revenue could hit $20B in five years, say analysts

Healthcare IT News - Telehealth

revenue by 2027. "The COVID-19 pandemic has accelerated the adoption of telehealth by years, providing safe and convenient access to telehealth services," said Duane Wright, senior research analyst at Bloomberg Intelligence.

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Skilled Nursing Update: CMS Finalizes Changes to SNF Value-Based Purchasing, SNF Quality Reporting Program and Civil Monetary Penalties

Hall Render

CMS is also adopting the COVID Vaccine: Percent of Patients/Residents Who Are Up to Date (known as the “Patient/Resident COVID-19 Vaccine”) measure beginning with the FY 2026. The Final Rule creates: The Long Stay Hospitalization Measure per 100 residents beginning with the FY 2027 program year and FY 2025 performance year.

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