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Displaying items by tag: Blue Cross Blue Shield

Sunday, 01 August 2021 17:24

Physician, health plan advocates optimistic about prior authorization reforms

Supporters are hopeful that a statewide bill to alter the process of doctors seeking prior authorization from insurers for patient care will become law this fall.

Published in Health Care
Sunday, 01 August 2021 17:12

CHANGING THE GAME: Insurance industry embraces AI to drive outcomes, cut costs

With the emergence of artificial intelligence over the last decade, insurers’ painstaking work to identify trends and analyze data increasingly has become automated. 

Published in Health Care
Sunday, 01 August 2021 17:08

Medical claims trends, prescription drug costs drive higher insurance rate proposals

Driven by higher medical claims trends, insurance rates for small business and individual health policies would increase significantly in 2022 compared to recent years under rate proposals before state regulators.

Published in Health Care

Sunday, 18 July 2021 17:17

Born from a merger, Spectrum Health grows into major health care player

The seeds for what became West Michigan’s largest health care provider took root nearly three decades ago.

Published in Health Care
Sunday, 23 May 2021 18:20

Reporter's Notebook: Spectrum Health, Blue Cross finally sign a deal for Medicare plan

new deal between Blue Cross Blue Shield of Michigan and Spectrum Health finally brings West Michigan’s largest health system into the care network of a plan for seniors at the state’s largest health insurer.

Published in Health Care
Monday, 01 March 2021 15:49

Blue Cross Blue Shield’s 2020 revenue takes a hit during COVID-19 pandemic

DETROIT — Costs associated with responding to the COVID-19 pandemic cut deeply into Blue Cross Blue Shield of Michigan’s bottom line for 2020, the company reported Monday.

Published in Health Care

Saturday, 28 November 2020 08:54

Priority Health to issue health coverage rebates to large employers

Priority Health plans to give large employers a rebate early next year on their employee health coverage, a result of lower medical claims from the COVID-19 pandemic.

Published in Health Care
Monday, 31 August 2020 11:22

MiBiz Growth Report: August 31, 2020

Here is the MiBiz growth report for August 31, 2020.

Published in Economic Development
Sunday, 30 August 2020 17:43

Health Alliance Plan’s West Michigan entry part of broader strategic growth

Health Alliance Plan’s entry into the West Michigan market comes amid a broader strategic push to grow and become a larger statewide player for employee health benefits.

Published in Health Care

Sunday, 30 August 2020 17:38

Panel: Employers reluctant to change health policies during pandemic

Even with the economic downturn, uncertainty and high unemployment resulting from the COVID-19 pandemic, employers still need to look strategically at employee health care benefits to retain and attract talent.

Published in Health Care
Tuesday, 18 August 2020 13:05

Blue Cross Blue Shield to offer 30 percent premium credit this fall

Blue Cross Blue Shield of Michigan intends to give more than 180,000 individual policyholders a 30-percent credit on their health premiums this fall.

Published in Health Care
Sunday, 16 August 2020 17:00

Growing shift to telehealth raises questions about access in rural communities

The COVID-19 pandemic created what Kelly Hirko calls a “massive shift” in health care.

Published in Health Care

Sunday, 19 July 2020 18:12

HAP bringing group health plans, competition to West Michigan in ’21

When it enters the West Michigan commercial health insurance market in 2021, the state’s third largest health plan will offer both large group and small group policies. 

Published in Health Care
Sunday, 21 June 2020 17:43

Reporter's Notebook: COVID-19 raises questions for health insurance rates

The premium credits Priority Health and Blue Cross Blue Shield of Michigan are providing small employers this summer stem from lower medical claims after the onset of the COVID-19 pandemic. 

Published in Health Care
Tuesday, 02 June 2020 16:18

More physicians flock to telehealth options during COVID-19, Blue Cross Blue Shield reports

Blue Cross Blue Shield of Michigan reports a surge in the number of physicians now offering telehealth visits for patients.

Published in Health Care

Sunday, 31 May 2020 22:52

Priority Health attributes $29.4M first quarter net loss to accounting adjustment

GRAND RAPIDS — Priority Health’s first quarter net loss in its HMO business stems from what’s described as a “quirky” accounting adjustment required under state regulations.

Published in Health Care
Wednesday, 20 May 2020 17:25

Citing lower claims, Blue Cross Blue Shield offers 30-percent credit to small business policyholders

Blue Cross Blue Shield of Michigan plans to give small businesses and other policyholders rate relief this summer as a result of lower medical claims during the COVID-19 pandemic.

Published in Small Business
Sunday, 15 March 2020 17:30

Investments drive 2019 profit gains for Priority Health, Blue Cross

Strong investment income lifted earnings in 2019 for the state’s two largest health insurers, Blue Cross Blue Shield of Michigan and Priority Health.

Published in Health Care

Sunday, 15 March 2020 16:30

Tandem365 looks to expand ‘innovative’ care model in West Michigan

After extending into Kalamazoo in 2019 and preparing for a Newaygo County location this spring, Tandem365 wants to grow further.

Published in Small Business
Sunday, 08 December 2019 17:00

HAP looks to enter West Michigan for health coverage

Forming a Medicare Advantage plan with Mercy Health gives Health Alliance Plan of Michigan a position in West Michigan that will lead to the company offering commercial health coverage in the market, MiBiz has learned.

Published in Health Care
Saturday, 26 May 2018 12:45

Spectrum Health joins investors in new $100 million health care VC fund

GRAND RAPIDS — Spectrum Health has committed $7.5 million to a new Chicago-based venture capital fund that backs emerging heath care technologies.

Published in Health Care

Friday, 02 March 2018 13:39

Blue Cross Blue Shield proposes moderate rate increases for second half of 2018

Rates that Blue Cross Blue Shield of Michigan charges small businesses for employee health coverage would increase modestly and in some cases decline for policies renewed in the second half of 2018.

Published in Breaking News
Friday, 15 September 2017 16:22

As competitors drop out, Blue Cross and Priority Health to remain in state insurance exchange

Blue Cross Blue Shield of Michigan and Priority Health remain committed to selling individual health policies on the state’s public insurance exchange, even as a chief competitor opts to drop out of the market for next year.

Published in Breaking News
Friday, 28 July 2017 13:04

Michigan insurers seek rate increases to cover losses on individual market

The losses health insurers in Michigan incurred last year on individual policies led to the large rate increases proposed for 2018 and moved the market to a “very delicate point,” according to one industry analyst.

Published in Breaking News

Tuesday, 01 March 2016 15:17

Blue Cross Blue Shield reports $68 million loss for 2015

Blue Cross Blue Shield of Michigan attributes a “modest” $68 million loss for 2015 to one-time charges to settle litigation and losses in its heavily-subsidized Medigap supplemental policies for Medicare recipients.

Published in Breaking News