Trends Facing the Health Insurance Industry Post-Pandemic

Trends Facing the Health Insurance Industry Post-Pandemic

We all know the pandemic has spawned new healthcare trends, some viable, others…not so much. It’s often in our business nature to observe and analyze these trends in real-time, whether it’s the latest TikTok healthcare trend or not. We take pride in how our clients and healthcare organizations have been affected by Covid-19 and how it’s trending and evolving.

Health Insurance Growth

With reimbursement rates declining, health systems are looking for growth areas by increasing offerings like home health services, virtual visits. This growth is not only a result of a desire for increased revenue, but also addressing population health issues. 

Virtual Health Insurance

One of the health insurance growth trends we’ve seen more than others is virtual healthcare. It’s become almost a necessity. Telehealth adoption has rapidly accelerated in its accessibility for patients. Companies instituting remote healthcare are constantly looking for wards to expand from the basic tele/video visits to more sophisticated tech like remote monitoring, drive-up and vehicle services, and other innovations that practice continued social distancing.

Mental Healthcare

It’s no surprise that being locked inside your home for over a year without any physical contact took a number on everyone’s mental health. Thankfully, insurance companies quickly recognized the need for better and more accessible mental health care and launched numerous ways for patients to take care of their mental and emotional needs. From phone call appointments to  — you guessed it — virtual appointments, the focus on mental health care has rapidly increased since the onset of the Pandemic and continues to rise as we near the end of it.

The bottom line? This past year, although unimaginable and mentally draining as it was, has helped the healthcare industry accelerate innovations and placed pressure on the existing healthcare to offer better coverage that is more readily available at a cheaper cost. Questions about your health insurance? Give us a call! Our agents are ready and waiting to help! We’re the number one agency in Coral Springs and Parkland, FL for a reason — we listen to what you need and offer superior service!

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