According to C. Kenneth Johnson, CEO of The ARMS Group, the transformation in healthcare is going to create a 25% growth in provider-owned managed care organizations (MCOs). But in order to seize this opportunity and succeed, providers will need to get the most out of their Medicare and Medicaid dollars.
In this short video, Johnson asks the key questions hospitals should be asking themselves:
- Do you know how much red ink you’re bleeding every day, every month and every year from your Medicare/Medicaid population?
- How many organizational provider contracts are you dealing with? Why should you leave these existing MCO contracts?
- How can you maximize your Medicare/Medicaid dollars?
- What does your Medicare/Medicaid population really care about?
The solutions may lie in developing your own MCO and redesigning care management. In this video, Laurie Jaccard, President and Founder of Clinical Intelligence, outlines how data analysis can identify opportunities to improve care management — typically resulting in a 10:1 ROI. By implementing evidence-based best practices, providers will see a decrease in the cost of healthcare and, ultimately, provide the right care for the right patient at the right time.