What You Should Know:
– HealthEdge, a provider of healthcare technology solutions, has released its annual survey of the healthcare payer market, revealing key priorities, investments, and challenges for the coming year.
– The survey, which gathered insights from over 450 healthcare executives, highlights a focus on integrated solutions, digital transformation, and artificial intelligence (AI).
Top Priorities for 2025
Health plans are prioritizing enhancements to integrated solutions or services (62%), digital transformation or technology upgrades (49%), and new product lines (47%). This indicates a strong emphasis on modernizing technology and streamlining operations to improve efficiency and member experience.
AI Gains Traction
AI is gaining momentum in the payer market, with 15% of respondents prioritizing investments in AI technologies. This reflects a growing recognition of AI’s potential to enhance various aspects of healthcare, from claims processing and risk assessment to member engagement and care delivery.
Key Findings and Challenges
The HealthEdge survey also uncovered several key challenges and priorities for health plans:
- Security: Security remains a top concern for executives, with 46% listing it as their highest priority when considering technology and data science transformation.
- Regulatory Compliance: Only one-third of respondents feel prepared for upcoming regulatory changes, highlighting the need for better technology solutions and resources to manage compliance effectively.
- Provider Engagement: Delays in claims processing, limited access to real-time data, and lack of transparency are identified as barriers to effective payer-provider relationships.
- Member Engagement: Health equity, self-service tools, and data transparency are key priorities for improving member engagement and satisfaction.
- Telehealth: 74% of respondents plan to continue using telehealth services, particularly for mental and behavioral health.
Investing in the Future
To address these challenges and improve member outcomes, health plans are investing in various areas, including:
- Digital health and experience
- Care delivery and enablement
- Provider network management
- Payment integrity
- Increased provider collaboration and value-based care contracting
- Member portals and mobile apps
“In light of recent disruptive cyberattacks, health plans are working harder than ever to fortify member data from threat actors,” said Jeannine Gaudreau, Chief Information Security Officer at HealthEdge. “HealthEdge is committed to building security into the foundation of its products and ensuring that data is handled responsibly and confidentially.”
For more information about the report, click here.