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As healthcare costs continue to rise, employers are increasingly focusing on strategies to manage these expenses. According to a survey by the Business Group on Health, addressing healthcare costs is the top priority for employers, with a particular emphasis on reducing spending on overall healthcare, affordability for employees and the company, and pharmacy costs.
Several factors contribute to rising healthcare costs, including the increasing prevalence of chronic diseases and mental health conditions, as well as the high cost of certain medications like GLP-1s. To mitigate these costs, employers are implementing various strategies such as prior authorizations, weight management programs, and pharmaceutical cost-control measures.
While employers are taking steps to address these challenges, the ongoing rise in healthcare costs presents a significant challenge for many organizations.
Recent research has demonstrated the potential of robotic arms to perform echocardiograms (ECGs) with comparable accuracy to human cardiologists. This breakthrough could significantly improve access to cardiac care, especially in remote areas.
The CMS has issued a final rule to address “significant, anomalous and highly suspect” billing activity within the Medicare Shared Savings Program. This rule is part of a larger strategy to mitigate financial impacts for ACOs.
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