News Briefs

Citing the COVID-19 crisis, the Trump administration will apply a “policy of enforcement discretion to allow compliance flexibilities” regarding the interoperability rules it finalized March 9. “Now more than ever, patients need secure access to their healthcare data,” CMS Administrator Seema Verma said in an April 21 statement. “Nevertheless, in a pandemic of this magnitude, flexibility is paramount for a healthcare system under siege by COVID-19. Our action today will provide hospitals an additional 6 months to implement the new requirements.” Read more at https://bit.ly/3eJz43d.

Even though the severity and duration of the COVID-19 pandemic remains highly uncertain, U.S. health insurers are likely to remain profitable, according to a report from Moody’s Investors Service released April 20. However, an emerging recession could cause lower revenues, tighter cash flows and declining commercial enrollment, Moody’s suggested. The credit rating firm said the earnings of regional commercial-focused insurers are more vulnerable than those of national, diversified companies. Read more at https://bit.ly/3cIdJFk.

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