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Research 4/15/15

Healthcare reform puts consumers in charge

By Teresa Wang and Sarah Jacobson Given the legislative landscape, it’s no surprise that healthcare consumer engagement, which we define as consumer tools for the purchasing or selection of healthcare services or health insurance, has consistently been in the top 6 categories for digital health funding. The underlying cost shift that is turning patients into savvy-consumers is especially noteworthy. Beginning on January 1, 2014, the Patient Protection and Affordable Care Act mandated individuals to maintain minimum essential coverage each month or pay a penalty. And thanks to the ACA, 16.4 million previously uninsured Americans now have coverage. The health insurance exchanges and expansion of Medicaid to people who earned up to 138% of the federal poverty level were essential drivers of this drop of uninsured Americans. 85% of enrollees from the individual marketplace selected a high deductible health plan. (Tweet this) Being insured comes at a price—and it looks like individual consumers will be paying it. In 2013, out-of-pocket expenses grew 3.2% to account for 12% of national health spending, and this number is only expected to continue to rise with the abundance of high deductible health plans (HDHPs). Eighty-five percent of enrollees from the individual marketplace selected a HDHP. Individual…

Research 4/15/15

Healthcare reform puts consumers in charge

By Teresa Wang and Sarah Jacobson Given the legislative landscape, it’s no surprise that healthcare consumer engagement, which we define as consumer tools for the purchasing or selection of healthcare services or health insurance, has consistently been in the top 6 categories for digital health funding. The underlying cost shift that is turning patients into savvy-consumers is especially noteworthy. Beginning on January 1, 2014, the Patient Protection and Affordable Care Act mandated individuals to maintain minimum essential coverage each month or pay a penalty. And thanks to the ACA, 16.4 million previously uninsured Americans now have coverage. The health insurance exchanges and expansion of Medicaid to people who earned up to 138% of the federal poverty level were essential drivers of this drop of uninsured Americans. 85% of enrollees from the individual marketplace selected a high deductible health plan. (Tweet this) Being insured comes at a price—and it looks like individual consumers will be paying it. In 2013, out-of-pocket expenses grew 3.2% to account for 12% of national health spending, and this number is only expected to continue to rise with the abundance of high deductible health plans (HDHPs). Eighty-five percent of enrollees from the individual marketplace selected a HDHP. Individual…

Featured 3/10/15

The shifting center of care

How health care legislation has—and continues to—shift the center of care into the home for digital health patient management solutions.

Featured 3/10/15

The shifting center of care

How health care legislation has—and continues to—shift the center of care into the home for digital health patient management solutions.

Featured 2/18/15

How laws and policies are shaping telemedicine

The global telemedicine market will reach $36.3B by 2020, and this attractive market is catching the eye of investors and healthcare providers so that one day patients can receive world-class care from anywhere. However, the future of telemedicine is dependent on reimbursement and regulatory policies both at the federal and state level. Here’s how, and why reform is shaping the telemedicine market.

Featured 2/18/15

How laws and policies are shaping telemedicine

The global telemedicine market will reach $36.3B by 2020, and this attractive market is catching the eye of investors and healthcare providers so that one day patients can receive world-class care from anywhere. However, the future of telemedicine is dependent on reimbursement and regulatory policies both at the federal and state level. Here’s how, and why reform is shaping the telemedicine market.

Featured 2/12/15

How healthcare reform impacts digital health

By Teresa Wang and Sarah Jacobson Healthcare reform is fueling digital health funding. You’ve probably heard a variation or two of that statement so here’s a look at how and why healthcare reform has helped define the digital health landscape. In a series of posts, we’ll explore the legislative landscape, starting with this overview and then diving into telemedicine, at-home patient management, and healthcare consumer engagement over the next few weeks. With healthcare costs expected to rise 4.9% next year, stakeholders are starting to feel the pressure to change. Legislators are busy trying to slow the growth of healthcare spending; providers strive to find a balance for cutting costs and improving care; insurers compete to gain more enrolled members. Most notably, healthcare reform efforts have created an environment for the growth of digital health, which received over $8B in funding over the past four years.

Featured 2/12/15

How healthcare reform impacts digital health

By Teresa Wang and Sarah Jacobson Healthcare reform is fueling digital health funding. You’ve probably heard a variation or two of that statement so here’s a look at how and why healthcare reform has helped define the digital health landscape. In a series of posts, we’ll explore the legislative landscape, starting with this overview and then diving into telemedicine, at-home patient management, and healthcare consumer engagement over the next few weeks. With healthcare costs expected to rise 4.9% next year, stakeholders are starting to feel the pressure to change. Legislators are busy trying to slow the growth of healthcare spending; providers strive to find a balance for cutting costs and improving care; insurers compete to gain more enrolled members. Most notably, healthcare reform efforts have created an environment for the growth of digital health, which received over $8B in funding over the past four years.

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