Since the Affordable Care Act (ACA) became law in 2010, the number of uninsured Americans has sharply dropped. According to data from the Centers for Disease Control and Prevention (CDC), fewer than 1 in 10 citizens were uninsured in 2015, the lowest number ever in the country’s history.
That said, it’s not just everyday people who were spared from the financial strain that illnesses caused. The Affordable Care Act marketplace helped bolster the bottom lines of hospitals as well. With more people medically insured, healthcare providers encountered fewer unpaid medical bills, the bane of their revenue cycle management.
With the landmark law now in its sixth year, there are numerous developments of which hospitals need to stay abreast. The more they know about these trends, the more able they are to continue reaping the benefits of the Affordable Care Act.