MedCity News April 29, 2021
The greatest uncertainty is members’ health status, which could impact MA organizations’ bidding submission process for 2022. Fortunately, fully vaccinated members are likely to resume in-person care this year, which means MA plans can expect a more consistent and reliable stream of data to form financial projections.
Covid-19 overwhelmed hospitals in many metropolitan areas in 2020, and patients hospitalized with the virus often had a longer length of stay compared to other conditions. Healthcare costs overall, however, are expected to be anywhere from $75 billion to $575 billion less than a normal year due to deferred care from the pandemic.
With such a dramatic decrease in costs, Medicare Advantage (MA) organizations now face a significant financial forecasting challenge in submitting...
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