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.
Uncertainty is an understatement for healthcare right now. From general economic instability to looming Medicaid cuts, CFOs are looking for stabilizing financial strategies.
At Saint Peter's University Hospital, a partnership with Escher Health's AI platform increased Medicaid enrollment by 162% and improved revenue by $13.4 million.
- Three- to four-times more self-service by patients
- 40% greater staff efficiency
- Shorter follow-up time
Medicaid's increased administrative burden, such as work requirements and biannual eligibility checks, hinders many new eligible members.
Uncertainty is an understatement for healthcare right now.
Author's summary: AI automates Medicaid processes to reduce costs.
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