Compliance Today (July 2020)
The FAQ, released April 24, gives insight into the effects the pandemic will have on Medicaid and Medicaid managed care organizations.[1] The document addresses six questions:
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What will be the impact of COVID-19 on Medicaid enrollment?
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What will be the impact on per capita Medicaid service expenditures?
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How will the increase in federal medical assistance percentage affect state budgets?
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How will Medicaid managed care organizations be affected?
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What flexibilities are available to address the uncertainties in Medicaid managed care rate setting?
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What are the effects on long-term services and supports use and spending?
Healthcare organizations around the world are grappling with the many implications of a worldwide pandemic that forces people to work and even visit the doctor remotely and overwhelms healthcare facilities. Handling the pandemic requires an entire new set of protocols and procedures. This FAQ is a helpful outline of the factors that play into expenditures and budgets, as well as how organizations can adapt to current situations, improve on overextended systems, and prepare for what comes next.
[View source.]