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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. trillion and $2.8

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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. Twitter: @kjercich.

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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. In the meantime, they’re halting or permanently shutting down services like labor and delivery and emergency departments. 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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Capitation Rates Announcement for CY 2025

Innovaare Compliance

The Centers for Medicare & Medicaid Services (CMS) officially announced capitation rates for Medicare Advantage (MA) plans for CY 2025 – average increase of 3.7% Even if the GLP-1 agents are selected for price negotiation, negotiated price will not come to fruition until 2027. generics) beginning in 2025 [1].