April 9, 2020
Insurers Announce Accelerated, Advance Payment Programs
UnitedHealth Group has announced a new accelerated payment program to pay claims faster, helping physician practices that are being impacted by COVID-19. UHG says it will provide nearly $2 billion in accelerated payments and financial support, specifically through accelerated claim payments to medical and behavioral care providers in UnitedHealthcare's fully insured commercial, Medicare Advantage, and Medicaid businesses. Other financial support currently includes the provision for up to $125 million in small business loans to clinical operators with whom OptumHealth is partnered. UHG is also suspending prior authorization requirements in some settings to assist patients and providers. Read the UnitedHealth Group announcement for more details.
Premera Blue Cross has also announced it's providing up to $100 million in financial support in the form of advance payments of claims to medical, dental, and behavioral health providers facing significant financial pressures due to the COVID-19 pandemic. According to a press release, these funds will be recouped by Premera as a percentage of claims over the course of nine months beginning Jan. 1, 2021. And like many other insurance carriers, Premera is extending prior authorization timeframes in light of the non-urgent medical procedure delay order. Learn more about Premera's advance payment program and related policies on its website. For questions about the program, contact Premera at email@example.com.