How Health Insurance Marketplaces may impact your practice

Description

Abstract: Health Insurance Marketplaces created under the Affordable Care Act provide virtual marketplaces where consumers can shop for, compare and buy health plan coverage. They also place a handful of modest but significant new responsibilities on physician practices. This article explains that it’s important to determine which payers are offering products, what new products a Marketplace may offer, and its impact on one’s revenue cycle at specific points. A sidebar cautions that Marketplaces can operate differently from one state to another.