Skip to playerSkip to main contentSkip to footer

Recommended

  • 6/23/2025
Major U.S. health insurers, including CVS Health, UnitedHealthcare, Cigna, Humana, Elevance Health, and Blue Cross Blue Shield, announced Monday they will voluntarily streamline the prior authorization process. This step aims to reduce delays in care and lessen the administrative burden on healthcare providers. The initiative will impact 257 million Americans across commercial, Medicare, and Medicaid plans. Key goals include adopting electronic submission standards by 2027 and ensuring at least 80% of electronic requests with all clinical documents are processed in real time. Insurers also plan to reduce the number of services requiring prior approval by 2026, addressing longstanding criticism from doctors and patients about delays and inefficiencies.

Category

🗞
News
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Major U.S. health insurers, including CVS Health, UnitedHealthcare, Cigna, Humana, Elevance Health, and Blue Cross Blue Shield
00:09announced Monday they will voluntarily streamline the prior authorization process.
00:14This step aims to reduce delays in care and lessen the administrative burden on health care providers.
00:19The initiative will impact 257 million Americans across commercial, Medicare, and Medicaid plans.
00:24Key goals include adopting electronic submission standards by 2027, ensuring at least 80% of electronic requests with all clinical documents are processed in real time.
00:34Insurers also plan to reduce the number of services requiring prior approval by 2026, addressing longstanding criticism from doctors and patients about delays and inefficiencies.
00:44For all things money, visit Benzinga.com.

Recommended