We are seeing major changes occurring after the tumultuous year of 2020.
To say that 2020 has been a tumultuous year in health would be an understatement. And, while each new year brings its own set of trials and challenges, 2020 has been particularly difficult for the healthcare industry.
But as with all industries, the healthcare landscape is constantly evolving and changing to accommodate emerging trends, and 2021 is no exception. From the expansion of telehealth and trends in fraud and abuse to racial equity and innovative partnerships created to improve resilience during a pandemic, here are the top four health law issues. to watch in 2021 according to health professionals.
Changes in the regulatory environment for fraud and abuse
The outbreak of the COVID-19 pandemic has impacted US health laws, resulting in significant changes in the regulatory environment for fraud and abuse. While the changes were temporary, it was still essential for healthcare leaders to navigate them. One of the significant changes involved the issuance of blanket waivers to a few Stark Law requirements by the Centers for Medicare & Medicaid Services (CMS).
As a result, the waivers gave health systems and hospitals the much-needed flexibility. From resolving compensation and staffing issues to managing difficult contracts with physicians, all of those complex processes they faced at the start of the COVID-19 pandemic have been simplified. There was also the issuance of waivers by CMS which aimed to provide relief from various regulatory and reimbursement requirements.
Telehealth expansion due to COVID-19 pandemic
The telehealth landscape has also undergone major changes due to the COVID-19 pandemic. Serving as a link between technology and medical care, telehealth is developing at a rapid pace. The implementation of telehealth services has made it easier for patients to receive the care they need from health care providers at a time when physical separation was essential to combat the spread of the coronavirus.
As a result, state and federal lawmakers are taking steps to improve access to these services during the pandemic as they continue to recognize the potential benefits offered by telehealth. According to a reputed Florida health lawyer, telehealth capabilities should be expanded and insurance reimbursement for telehealth services should be imposed. By adopting the recommendations of the Florida Telehealth Advisory Council, Florida lawmakers will pass the most advanced telehealth law in the country.
Innovative partnerships to proactively meet the challenges of the COVID-19 pandemic
Over the past year, healthcare transactions have been placed in a rather tumultuous environment and some hospitals have seen a virtual shutdown in Mergers and acquisitions activities. It was not until the second quarter of 2020 that hospital operations were able to become stable again and the volume of transactions would increase to almost the same level as before the COVID-19 pandemic.
To meet the challenges posed by the pandemic and influence M&A activity this year, healthcare organizations are focusing on building innovative partnerships and adopting forward planning that will increase their chances of strategically achieving growth and long term success.
Racial equity as an outcome and process
According to statements released by the American Medical Association and health system leaders, racial disparities are considered to be one of the major public health problems. The coronavirus epidemic has only further highlighted these disparities.
Thanks to social justice movements, the demand to address racial disparities is growing in importance in 2021. As a result, we can expect increased efforts to tackle racism as well as anti-racism. disparities in health care. This includes addressing interpersonal, institutional and systemic racism, all of which pose barriers for people of color, including poorer quality health care, exclusion from counseling and decision-making processes, and rates generally low health insurance coverage as well as reduced access to health care in general.
As healthcare professionals continue to grapple with the impact of the coronavirus pandemic, we are witnessing major changes occurring after the tumultuous year of 2020. Although there is still a long way to go To roam, look ahead, set priorities and plan strategically, will help the healthcare industry navigate the changing healthcare landscape more effectively in 2021.