With Medicaid work requirements on the horizon, health systems can help to manage the fallout by maximizing enrollment, expanding preventive services for the newly insured, and reducing operating costs where possible.
Health systems face significant revenue losses when Medicaid cuts begin going into effect. To proactively protect revenue integrity against mass unenrollment, health systems should focus on maximizing patient enrollment, expanding preventative care for the newly uninsured, and aggressively reducing operating costs to mitigate the inevitable drop in net revenue.
See the infographic below, or read more here.
Luke Gale is the revenue cycle editor for HealthLeaders.
KEY TAKEAWAYS
Dedicate resources to helping patients meet eligibility requirements and get them enrolled or re-enrolled as quickly as possible.
Help uninsured patients manage their health to avoid costly emergency department visits and hospitalizations down the line.
Prepare to offset the inevitable drop in net revenue by identifying operational savings elsewhere in the organization.