Understanding Health Insurance Exchanges |
Posted: November 1, 2013 |
While the US healthcare industry has been witnessing a lot of changes over the past few years, The Patient Protection and Affordable Care Act (PPACA commonly known as ACA), has introduced yet another revolutionary reform recently. It is the Health Insurance Exchange Marketplace which took effect from October 1st 2013. It is believed that ACA exchanges or online health insurance marketplaces would offer affordable health insurance coverage to almost 29 million US citizens in the near future. However, healthcare providers will have a tough time implementing this new change as it will highly impact medical insurance billing processes. Let’s take a brief look at the important features of Healthcare Insurance Exchanges and their impact on healthcare providers:
Salient Features:
Special Features: ACA Health Insurance Exchange Marketplaces provide special offers to those citizens who receive a low income.
Impact on healthcare Providers: As healthcare providers are having a hard time implementing the previously proposed medical reforms, the ACA Health Insurance Marketplace has become an added burden with the addition of new patients with Insurance cover. Implementing these changes will definitely require a lot of time and man power during which the medical insurance billing functions are likely to get affected. In order to keep the medical claims billing processes running smooth and uninterrupted, healthcare providers must outsource medical billing. This way they can balance their work efficiently.
About MGSI: If you are looking for a reliable and reputed medical insurance billing company, then approach MGSI without any second thought. With more than 20 years of experience in the domain, this Florida-based, national billing company has been providing unsurpassed physician billing services for its clients across the US. For more details, log on to http://www.mgsionline.com/
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