Fact Based List:
Sundar Subramanian, Joyjit Saha Choudhury, and Hector Rincon: Seven Choices Medicare Plans Will Need To Make In Order To Survive
Submitted by jryan@mcol.com on Tue, 05/28/2013 - 11:31
- Select a “Way to Play” - the market trends are clear—looming reimbursement cuts and increasing linkages between quality and reimbursements will require plans to rethink their value proposition
- Determine the Right Mix of Products, Segments, and Geographies - plans must determine the best combination of products, segments, and geographies that will enable profitable long-term growth
- Optimize Revenue - plans must look for additional ways to improve revenue
- Engage Customers More Effectively - plans can improve the experience of their members by stratifying and personalizing their approach, ultimately leading to better health outcomes
- Manage Star Quality Assessments - star quality bonus payments are a critical revenue stream for Medicare health plans
- Manage Medical Costs - MA plans must learn to operate on a significantly lower total cost structure
- Invest in Capabilities - plans must determine the capabilities needed to support their way to play
Source: Health Affairs Blog
Source URL: http://healthaffairs.org/blog/2013/05/01/seven-choices-medic...
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