Suppose $X$ is a uniformly distributed $n$-dimensional binary vector and $Y$ is obtained by passing $X$ through a binary symmetric channel with crossover probability $α$. A recent conjecture by Courtade and Kumar postulates that $I(f(X);Y)\leq 1-h(α)$ for any Boolean function $f$. So far, the best known upper bound was $I(f(X);Y)\leq (1-2α)^2$. In this paper, we derive a new upper bound that holds for all balanced functions, and improves upon the best known bound for all $\tfrac{1}{3}<α<\tfrac{1}{2}$.