$40.6 billion is spent annually on processing patient insurance benefit verification including prior authorizations (PAs) and out-of-pocket maximums, primary and secondary insurance coverage, cost- sharing, and submitting claims as well as any follow-ups for denials, appeals, and reimbursement 1. Healthcare providers and practice managers spend up to 31 days managing PA requests, resulting in an estimated $13.3 billion in administrative cost and burden.2
PA Burden Grows and Grows for Practice Managers
Insurers have increased the use of PAs over the past years for procedures (84%); for diagnostic tools (78%); and for prescription medications (80%) 3. Nearly 59% of physicians have staff members working exclusively on PAs, with most staff spending between 10-20 hours per week on PAs.
Impact to Patients Accessing Specialty and New Pharmaceutical Products
The prior authorization (PA) process is linked to a significant rise in prescription abandonment rates, approaching nearly 40%, which poses concerns regarding adverse health outcomes and hospitalizations, particularly in chronic disease management. While optimal therapeutic efficacy often necessitates medication adherence rates exceeding 80%, only half of patients achieve this, with PA requirements potentially exacerbating the challenge, as indicated by the perspectives of 75% of surveyed physicians. 4
PA Innovation Mandate via Federal Policy Proposal
On January 17, 2024, the Centers for Medicare and Medicaid Services (CMS) issued its final rule governing
certain prior authorization timelines and interoperability rules.5 CMS now requires most payers to
implement and maintain a Prior Authorization API that is populated with its list of covered items and
services, can identify documentation requirements for prior authorization approval, and supports a prior
authorization request and response. These Prior Authorization APIs must also communicate whether the
payer approves the prior authorization request (and the date or circumstance under which the authorization
ends), denies the prior authorization request (and a specific reason for the denial), or requests more
information. This requirement must be implemented beginning January 1, 2027.
CMS acknowledges that PAs are not going away and that the process plays a major role in health care in that
it can ensure that covered items and services are medically necessary and covered by the payer. However, at
the same time, CMS is concerned that PAs are a major source of burnout and can become a “health risk for
patients if inefficiencies in the process cause care to be delayed.” 6
Examples of inefficiencies include but are not limited to:
CMS Rule Summary:
At COPILOT, there are Innovative PA and Pre-Certification Solutions available including ePA.
With more than 12 years of industry experience, COPILOT is able to accurately navigate the evolving healthcare landscape alongside provider offices. As a trusted partner, COPILOT is ready to adapt to the industry’s imminent shift towards full automation.
Contact info@cmcopilot.com or me to schedule a Capabilities Presentation and Platform Demo.
Valerie Sullivan
Chief Commercial Officer
COPILOT
VSullivan@cmcopilot.com