Category Archive: Blue Cross Blue Shield

Medicare, BCBS most favored payers among ambulatory providers

Despite its reputation in the political arena, Medicare is a highly favored payer among ambulatory providers, according to a report from medical research firm Peer60. Meanwhile, UnitedHealthcare has the most contracts with providers, but is t…

Blues plan worries Chicago hospital merger would leave it out of the loop

Increased healthcare costs have been the primary focal point in federal regulators’ attempt to block a merger between two major Chicago hospitals, but recent testimony from Blue Cross Blue Shield of Illinois revealed the insurer is equally concerned that the merger would create another competitor, according to the Chicago Tribune.

 

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Telemedicine offers solution to narrowing networks, but regulatory uncertainty remains

As state and federal regulators target narrowing provider networks, telemedicine appears to be a natural solution for insurers to fill network gaps and enhance negotiating leverage with providers, according to a report released by the Ur…

Health Care Service Corp., Anthem cut commissions for individual plans

Following in the footsteps of some of the country’s largest payers, several Blue Cross and Blue Shield (BCBS) insurers have said they will cut back on sales commissions for Affordable Care Act policies, according to a Forbes post.

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Fitch expects BCBS companies’ 2015 earnings to fall

Citing a host of challenges that include higher-than-expected cost and utilization trends in the state health insurance exchanges, Fitch Ratings says in a new report that it expects Blue Cross and Blue Shield companies’ earnings to decline for 2015.

 

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BCBSA creates committee to fight opioid abuse epidemic

The Blue Cross Blue Shield Association, along with top executives from Blue Cross and Blue Shield companies around the country, have formed a new steering committee aimed at addressing the nation’s opioid crisis.

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Independence Health Group looks into merger possibilities

As other major insurers await approval of their mergers, Philadelphia-based Independence Health Group is examining its options for collaborating or consolidating with other companies, according to an article from the Wall Street Journal….

Payer-provider tensions driven by ACA, other factors

Physicians just don’t trust payers. UnitedHealthcare and Cigna fared worst in the recently released ReviveHealth Payor Trust Index, whereas physicians viewed independent Blue Cross Blue Shield plans more kindly

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American Well, Blue Cross Blue Shield team to spread telemedicine access

Boston-based telemedicine provider American Well announced Tuesday that it will partner with Blue Cross Blue Shield health plans in an attempt to improve their service of providing immediate doctor access to the payer’s customers.

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Excellus BlueCross BlueShield hack puts 10M personal records at risk

Excellus BlueCross BlueShield announced that it discovered a massive data breach in early August that could put 10 million of its members personal records at risk.read more

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