January 13, 2014
Qualified Health Plans (QHPs) will be required to make extensive and accurate plan data accessible to CMS through a distributed data collection system. Since many key provisions of the Affordable Care Act (ACA) will be administered using this data, plans must act now to be prepared to support this requirement by January 1, 2014. Plans that do not effectively manage this process will face exposure to adverse risk adjustment liability, cash flow shortfalls, and possible non-compliance penalties.
Sellers Dorsey has published a white paper for download above on data collection with important information for QHPs under the ACA. If you have questions about data collection for QHPs and would like to speak with one of our consultants, please email [email protected].