{"id":371,"date":"2022-09-06T20:32:31","date_gmt":"2022-09-06T20:32:31","guid":{"rendered":"http:\/\/wltsoftware.flywheelstaging.com\/?p=371"},"modified":"2025-05-05T19:42:14","modified_gmt":"2025-05-05T19:42:14","slug":"3-healthcare-trends-to-look-forward-to-in-2021","status":"publish","type":"post","link":"https:\/\/wltsoftware.com\/3-healthcare-trends-to-look-forward-to-in-2021\/","title":{"rendered":"3 Healthcare Trends to Look Forward To In 2021"},"content":{"rendered":"<p>The COVID-19 crisis has revealed a set of unique challenges for the healthcare industry such as an increased number of under-equipped healthcare facilities being left with little to no way to deal with COVID patients. Also, since it costs nearly $250 billion to process 30 billion\u00a0<a href=\"https:\/\/wltsoftware.com\/compclaims\/\">healthcare transactions<\/a>\u00a0each year, even larger healthcare practices are experiencing the pressure brought on by the pandemic. These have brought about the immediate need for new advances, and almost on a required basis. Below is a detailed look at what these advancements are and how they\u2019ll be implemented.<\/p>\n<h3>Changes in Benefit Plans<\/h3>\n<p>There\u2019s no doubt that the economic strain of the pandemic will be felt across the board during the pandemic, but one specific area that is likely to change dramatically is benefit plans. As employers continue to manage to keep their facilities clean and enforce the use of masks, they now have to consider how benefit plans may need to be expanded to ensure their employees have sufficient coverage, not just to sustain their lifestyle, but also to keep their workforce productive.<\/p>\n<h3>Flexible Benefits Plans<\/h3>\n<p>As the economic state of the healthcare industry is increasingly strained, a greater influx of flexible types of benefit plans will most likely rise in demand. One example of these flexible plan types is the new individual coverage health reimbursement arrangement (ICHRA), established on Jan. 1, 2020. This plan allows employees to maintain a greater degree of control over their healthcare spending, some tax advantages, as well as other benefits. There are no business size or allowance amount restrictions, allowing for larger businesses to forego the set-backs brought on by larger, more prohibitive plans.<\/p>\n<h3>Accommodating New Benefits Plans<\/h3>\n<p>Though consumer-directed plan offerings provide much-needed adaptability, employers will certainly need much more guidance to navigate the complexities. In conjunction with the increase in flexible benefits plans, there will most likely be an increased need for consultants and legal advisors for these businesses to remain compliant. These resources, in turn, must remain informed about any and all legal developments that affect worker\u2019s compensation, healthcare, and benefit plans. These legal developments may change rapidly in the face of legislators scurrying to address the pandemic\u2019s economic impact, and especially in the wake of a changing political climate post-election.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The COVID-19 crisis has revealed a set of unique challenges for the healthcare industry such as an increased number of under-equipped healthcare facilities being left with little to no way to deal with COVID patients. Also, since it costs nearly $250 billion to process 30 billion\u00a0healthcare transactions\u00a0each year, even larger healthcare practices are experiencing the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":364,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Current Healthcare Trends to Look Forward To<\/title>\n<meta name=\"description\" content=\"Discover the future of healthcare in 2021. Stay ahead with insights into three key trends shaping the industry. From telehealth innovations to data-driven solutions, explore what&#039;s transforming healthcare. 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