Evolution Healthcare (EVHC)

Knowledge Center

Stop Prescriptions from Stealing Your Money—Before it’s Too Late

January 6, 2023

We all know that the cost of brand-name prescription drugs is rising every day. In fact, estimated retail prices for brand-name prescriptions are more than two to four times higher in the U.S. than in other countries.

To put this in perspective, the average price of brand-name prescriptions is around $353 for Medicare Part D and $218 for Medicaid. If a person needs a prescription every month, they could end up paying up to $4,236 per year—and that’s if they’re only paying the average….
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How Telehealth Brings Mental Health Services Home to Everyone

December 2, 2022

The holiday season is the happiest time of year for many people, but not everyone. That’s especially true this year. People have a lot on their plates, from the threat of an economic recession to war in Ukraine and, in some cases, pressure to return to offices they haven’t seen in a few years.

For some, these factors could exacerbate feelings of depression during an already stressful time of year. In fact, 64% of people with mental illness report the holidays make their conditions worse, according to the National Alliance on Mental Illness. Another study found that 88% of Americans are stressed during the holidays.

How can we help them?…
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HR and Finance Must Find Common Ground on Health Insurance for Their Companies to Survive and Thrive

October 12, 2022

HR managers play a significant role in choosing employees’ health insurance benefits, but it’s become increasingly important for them to involve the financial side of the house in that decision. With rising interest rates and the possibility of a market correction soon, every dime companies spend will be under the microscope, including the funds allocated for health coverage. It’s critical that HR managers align with their organizations’ CFOs on what type of coverage to provide to their employees—and at what cost….
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See Ya Later Medical Debt! How the Medical Debt Relief Act Will Impact Brokers and Clients

September 13, 2022

Did you know that medical debt is the most common collection type on consumer credit reports? According to the Consumer Financial Protection Bureau, medical debt made up 58% of all collections tradelines in Q1 2021. Total consumer medical debt is estimated to be anywhere from $81 billion to $140 billion, with up to 35% of American adults carrying some form of medical debt. More debt means fewer people seeking medical care, which negatively impacts everyone….
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