There have been months of speculation as the general public waited to hear about the future of Obamacare: will it be reformed, repealed or left as is? The uncertainty has health providers asking “what is revenue cycle management going to look like after these changes are implemented?”.
The Obamacare repeal bill looks to replace and change many key aspects of the legislation, including tax credits, health savings accounts and tax hikes. This bill will face appraisal and critiques, but regardless of public reception, hospitals need to be able to adapt enough to still allow an efficient revenue cycle management flow.
There are companies capable of helping improve revenue management cycles so that processes are made as straightforward as possible without compromising on consumer care.
Health Insurance Tax Credit Changes
It has been announced that there will be a new health insurance tax credit scheme introduced in 2020, which will apply to all those not offered health insurance at work and those without Medicare or Medicaid. Patients will be eligible for a block amount of credit, depending on their age, and each family will only be eligible for up to $14,000 total. Read more on this article. http://bit.ly/2mqNPfS