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Due to the high volume of Medicaid patients and the complexities inherent in a system that is federally funded, but state-managed, many states struggle to keep pace with the complex compliance requirements that allow its consumers to receive necessary health care. Large, private managed care organizations (MCOs) serve as the answer to the states’ administrative obligations so that health benefits keep flowing to those who need them most.
One of the largest MCOs in the competitive US Health Insurance Marketplace found that it was losing valuable time to arduous compliance verification processes. The company’s compliance analysts were spending hundreds of hours manually combing through Medicaid contracts to confirm that state requirements were being met. In a highly competitive industry, that lost time was costing the MCO the edge it needed to win additional contracts.
Medicaid compliance requirements differ from state to state, and non-compliance results in stiff penalties to providers with state service level agreements (SLAs). Continual contract updates were adding to the time and labor drain for analysts at this MCO and negatively impacting the company’s bottom line.
The managed care organization sought the help of Ernst & Young LLP (EY US) practitioners to create a more efficient system for its compliance analysts. EY teams combined more current technologies with the backing of health care regulatory teams to bring firsthand health industry insight, helping the client sharpen its decision-making and improve people’s lives.
The outcome is a searchable database, configured for the MCO’s needs and trained by the smartest emerging technology available.
“EY health care regulatory teams are dedicated to tracking the national policies and practices that impact health care,” says Heather Meade, Principal, Washington Council Ernst & Young LLP. “We’re passionate about helping health organizations make more informed decisions to improve people’s lives by providing leading-class technology innovations with a human touch. When our policy insights join forces with our technology experience, improving the tools that health care organizations depend on, everyone wins.”