18 Sep Health Data News Roundup: Value-Based Care Saving Payers Money; Advice for Future Payer Industry Leaders; and 5 Best Medicare Supplement Providers of 2023

Welcome to the Health Data Weekly News Roundup from IMAT Solutions. As the power of data continues to grow in the healthcare arena, today’s care organizations need to be on the forefront of all news and trends to help ensure that their data analytics efforts deliver accountable and informed care. Each week, we will provide you with the actionable news you need to meet these goals.

Value-Based Care is Saving Payers Money
Some payers are reporting big savings with value-based care efforts, and here are four successful value-based programs to note, as highlighted by Becker’s Payer Issues.

High Switching Rates from FFS to Medicare Advantage Drove MA Enrollment
Increased rates of switching from Medicare fee-for-service (FFS) to Medicare Advantage in recent years have contributed to Medicare Advantage enrollment growth, a study published in Health Affairs found.

Beneficiaries with Cancer Spend Less Out-of-Pocket in Medicare Advantage
Medicare Advantage beneficiaries with cancer experienced lower out-of-pocket costs and had access to more benefits than those in Medicare fee-for-service (FFS), according to new research.

Personalized Clinical Documentation Tools Linked to EHR Satisfaction
While direct entry is the most common documentation method, physicians who use personalized documentation tools report the highest levels of EHR satisfaction, according to a KLAS Arch Collaborative report.

Payers to Hospices: Don’t Wait to Start Working with MA Plans
Over time, Medicare Advantage plans will likely have a greater presence as hospice payers, and now is the time for providers to build relationships those organizations, according to this recent Hospice News article.

25 Payer Executives’ Advice for Future Industry Leaders
Future leaders in the health insurance industry should stay curious, keep an eye toward the future and put members first, executives say. Becker’s recently asked leaders from across the payer space their best advice for the next generation of leaders in the industry.

5 Best Medicare Supplement Providers of 2023
Forbes Health recently provided this analysis on the best Medicare Supplement providers.