03 Jun Health Data News Roundup: Payers to Increase IT Spending; Driving Member Satisfaction for Health Plans; and Embracing Medicare Advantage Pay Cuts

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.

Payers Target Current Challenges and Competitiveness with 2025 Tech Investment Surge, Reveals Black Book Research Survey
In preparation for the upcoming budget year, health plans are bracing for a substantial 23 percent uptick in their IT and services spending, according to the Q1-Q2 polling from Black Book Research.

3 Key Metrics that Determine Member Satisfaction for Health Plans
Cost, convenience, and credence were three metrics that set apart high-performing and low-performing commercial health plans in a JD Power member satisfaction survey.

Chesapeake Independent Physician Association Expands into Virginia
Collaborative Health Systems (CHS) recently announced expansion into a new market, offering providers in Virginia an opportunity to join Chesapeake Independent Physician Association (CIPA) to drive greater collaboration around value-based care.

How Providence is Streamlining Quality Reporting with FHIR
Providence is using FHIR standards to streamline payer-provider data exchange, enhancing quality reporting and reimbursement while reducing administrative burdens, as highlighted in this recent Tech Target article.

Why These Payer CEOs Are Embracing Medicare Advantage Pay Cuts
As some major Medicare Advantage insurers look to shrink enrollments and exit markets, others say reimbursement cuts from CMS are a chance to refocus strategies and provide a better product to their members, according to this recent Becker’s Payer Issues article.

Self-Funded Health Plan Saves Employers 20 Percent More Than Major Plans
Imagine360, a self-funded health plan out of Pennsylvania, reduces healthcare costs significantly more than major national carriers, an actuarial analysis by Axene Health Partners found.

How Can Providers Create Successful Organizations for Accountable Care?
Learn how providers much have the right mindset to care for patients and the capabilities to support their goals to establish a successful Accountable Care Organization (ACO) in this new Tech Target eBook.