Gov. Andrew Cuomo’s Medicaid Redesign Team made 78 recommendations in cost-saving initiatives, and they were enacted in the state budget in April, according to the release. The initiatives include capping Medicaid spending growth and beginning a three-year phase-in to managed care for all Medicaid recipients.
Although spending remains below target for its current fiscal year, the state said the increased enrollment in Medicaid due to the weak economy could impact savings for the rest of the year.
Related Articles on Medicaid:
HCA’s Revenues Could Be Impacted by Texas Medicaid Proposal
Washington Physicians Seek Injunction on New State Law That Limits Medicaid ER Visits
CMS Denies Indiana’s Request for Medicaid Plan Alternative
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
