While several provisions of the new Affordable Care Act (ACA) have already gone into effect, there are several key dates business owners need to be aware of in the coming months and years. We’ve compiled a list, as well as several useful resources.
Employer-sponsored health benefits provide coverage for over 60% of the insured persons in the United States. Even with the Affordable Care Act expanding healthcare coverage, reliance on employer based coverage will remain a key component of the market. Employers are challenged with a continuing, rising trend in the cost of healthcare which significantly contributes to the overall cost of business.
While the Affordable Care Act (ACA) increased the number of Americans with access to health insurance, U.S. employers and employees continue to struggle with rising health care costs and changing workforce demands. Recent Aon research shows that 20% of health care consumers cite high health care costs as the major reason they have either declined health care coverage, stopped taking medications, or avoided care altogether. If the U.S. health care system is to succeed, stakeholders across the health ecosystem must influence change in each market—employer, individual, and government (Medicare, Medicaid, and Tricare).
While each part of the three-legged stool is important, this paper focuses on five strategies Aon believes will strengthen the employer-based system—a system that provides health care coverage to well over half of Americans (61%, or 177 million).
When a pharmaceutical company discovered its risks under the new Patient Protection and Affordable Care Act, it turned to Collaborative to comb and consolidate its data. The result: compliance and insight into new business opportunities, too, through a company-wide business data warehouse and enhanced business intelligence.
Published By: QlikView
Published Date: Jun 12, 2013
Today’s changing healthcare landscape demands more from the finance department than ever before. No longer a sideshow in the healthcare delivery equation, finance now plays a starring role as hospitals and healthcare providers of all kinds face the
challenge of implementing the reforms of the Affordable Care Act (ACA) of 2010.
Published By: Lumeris
Published Date: Aug 04, 2014
For health plans, health systems and delegated payer operations, or health systems wanting to become their own payer, Lumeris’ turnkey outsourcing offers expert support to design, build, operate, measure, and optimize value-based health plan operations that can drive clinical and financial excellence. This can be evidenced by our ability to help clients achieve higher revenue, lower costs, higher market share, and meeting mandates for medical cost ratio contained in the Patient Protection and Affordable Care Act.
The evolving healthcare landscape has created a wealth of fresh opportunities for payers. There is a sense of urgency for payers in leadership roles to leverage technology and successfully transition to a value-driven healthcare system that rewards top performers and high quality standards. Passage of the Patient Protection and Affordable Care Act (PPACA) quickly changed many aspects of payers' business with higher costs, new oversight, more competition and a longer-term promise of millions of new members. Since healthcare insurance reform became law, opponents have vowed changes, if not its outright repeal. While it may be tempting to take as little action as possible and hope that the 2010 mid-term election or 2012 general election will make this all go away, the reality is that repeal is not a likely possibility.
Keas surveyed more than 100 Human Resource Executives across the United States via an online survey between July 31 and August 16, 2013. This survey tracked HR executive opinions on HR topics and plans and priorities for the 2014 calendar year. The survey revealed health and wellness programs are taking center stage in employee engagement and retention. With healthcare costs and obesity-related diseases on the rise and wellness incentives baked into the Affordable Care Act (ACA), this will be the first year health will play a major role in health benefits as organizations integrate preventative care programs to manage costs.
The start of the Affordable Care Act has been delayed to January 2015 and now is the time to get educated on provisions for Corporate Wellness Programs which are critical to combatting rising healthcare costs.
This factual guide covers ACA definitions, regulations, mandates, forms that need filing, deadlines for filing, and potential penalties for employers. Whether you’re a small or midsize business, this complex law presents challenges that TriNet can help you manage and comply with.
Published By: CIC Plus
Published Date: Sep 23, 2014
Learn more about HR compliance under Section 6056 of the ACA, including:
• New reporting requirements for 2015
• What those requirements mean for your business
• What you can do to ensure compliance
• Risks of noncompliance
Published By: CareCloud
Published Date: Jul 30, 2014
The 2nd annual Practice Profitability Index (PPI) was created to gauge the operational and financial health of private practices. Thanks to the insights provided by over 5,000 physicians, the report underscores challenges that make staying profitable a demanding task for today’s physician practices – and what they’re doing about it.
Published By: CareCloud
Published Date: Apr 27, 2015
Learn 6 best practices to make the most of your medical accounts receivables. Get CareCloud’s new white paper: “6 Key Strategies for Medical A/R Management” to ensure you’re getting paid what you deserve.
Published By: Innotas
Published Date: Jan 09, 2014
Learn to escape the chaos of regulatory compliance with Integrated IT Portfolio Management. This eBook for healthcare IT executive shares how to gain greater visibility into the delivery and execution of complex projects such as implementing EHR implementation, ICD-10 compliance efforts and the Affordable Care Act.
Published By: CareCloud
Published Date: Oct 25, 2013
In this white paper, you'll learn:
• What technologies have the greatest impact on profitability
• What technologies most improve productivity
• Why many practices are replacing outdated systems with modern solutions
• The most important tool for patient engagement, and more.
Published By: Virgin Pulse
Published Date: Nov 19, 2010
The Patient Protection and Affordable Care Act (PPACA) will make some employers focus only on compliance. Forward-thinking companies that take advantage of the available benefits the reform laws have to offer will take the competitive advantage. Provisions of the new regulations, specifically wellness and prevention strategies, will have long-term tax benefits, while also decreasing lifestyle-related healthcare costs.
Published By: Virgin Pulse
Published Date: Dec 13, 2010
The Patient Protection and Affordable Care Act (PPACA) will make some employers focus only on compliance. Forward-thinking companies that take advantage of the available benefits the reform laws have to offer will take the competitive advantage. Provisions of the new regulations, specifically wellness and prevention strategies, will have long-term tax benefits, while also decreasing lifestyle-related healthcare costs.
The Patient Protection and Affordable Care Act (PPACA), signed into law by President Obama on March 23, 2010, and the amendments made by the Healthcare and Reconciliation Act of 2010 (together, known as the Affordable Care Act), have significant employment tax and information reporting implications. This survival guide will address the changes facing employers. You’ll find explanations of compliance issues, checklists of what your company should be doing, and a calendar of important effective dates.
Next year, the Affordable Care Act (ACA) will require employers to report employee health insurance information to the IRS. Get ready by knowing which of the new forms you’ll need to file and when.
This technical brief streamlines and simplifies the key issues in the new regulatory landscape and provides information to help inform important business decisions regarding Wellness programs. "The Legal Environment of Wellness" offers in depth information abuot wellness program requirements under the ACA, and reviews how corporate wellness programs are impacted by the rulings of the Affordable Care Act (ACA) and HIPAA. In addition to the ACA, it covers information companies need to be aware of regarding how other legislation may impact their health promotion efforts. Choosing a new wellness program or bringing current programs into compliance will require a thorough understanding of new and existing laws and sometimes complex decisions and structural redesign.
In July and August 2014, the ADP Research Institute®, a specialized group within ADP®, conducted an online survey of more than 750 owners and executives at companies with 50-999 employees. The Midsized Business Owners Study is now in its third year. Midsize businesses often struggle between operating like a smaller business but having to abide by the same regulations as larger corporations. Download this case study to learn how midsize business are dealing with their three greatest concerns right now: healthcare benefit costs, the Affordable Care Act, and the level of government regulations.
Download this how-to guide to determining the best workforce management solutions to ease compliance with the Affordable Care Act. Learn how easy it is to track, automate, and analyze data from across your organization and generate:
• Accurate data about average hours worked
• Automated notification to employees of benefit eligibility change
• Real-time analysis of schedules, time records, and benefits
• Generating reports to evidence ACA compliance efforts
Published By: Paychex
Published Date: Apr 01, 2013
The Affordable Care Act signed into law in 2010 includes provisions that affect how companies administer and report health care information for employer-sponsored health plans. While it may take some time to become familiar with the new regulations, it is important now for small-business owners to understand the effect of health care reform on their companies and their employees. This white paper explains seven primary components of the Act.