AI vs. Red Tape: How Automation Is Saving Medicaid Margins
As Medicaid cuts loom and administrative costs soar, CFOs are turning to AI to protect margins, streamline operations, and expand access for vulnerable populations.
According to Marie DeFreitas, uncertainty is an understatement for healthcare right now, with general economic instability and looming Medicaid cuts prompting CFOs to seek stabilizing financial strategies.
Success Story: Saint Peter's University Hospital
At Saint Peter's University Hospital, a partnership with Escher Health's AI platform led to a 162% increase in Medicaid enrollment and a $13.4 million improvement in revenue.
- Three- to four-times more self-service by patients
- 40% greater staff efficiency
- Shorter follow-up time
Uncertainty is an understatement for healthcare right now.
Medicaid's increased administrative burden, including work requirements and biannual eligibility checks, can hinder new eligible members from enrolling.
Author's summary: AI helps protect Medicaid margins.
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