As the Affordable Care Act (ACA) continues to unfold, the Health Insurance Exchange (HIX) Marketplace will provide a one-stop shop for individuals and small businesses to compare and purchase health insurance coverage. Today there are currently 31 million people enrolled in individual and small group plans. The Congressional Budget Office expects approximately 7 million additional enrollees through the individual and small business exchanges in 2014 alone. By 2019, total enrollees in individual and small group plans is estimate to reach 57 million.
Healthcare has been on a course of inevitably progressive complexity. The question is not whether it will continue at its currently torrid pace of expansion, but rather, how does one survive - and even thrive - within it?
Thriving in healthcare amid the quickly changing landscape requires leveraging big data and its analysis, along with sophisticated technology, to empower multidimensional member-specific and provider-specific interventions, integration with providers’ electronic health record (EHR), and interventions with members that go beyond a telephone call. We see healthcare quickly changing and innovation is imperative.
We welcome you to our official blog, Inovalon Insights, where we will comment on industry trends, share what we learn as we innovate, and discuss ways leaders in healthcare are joining together to drive improvement in healthcare.