Imagine Sarah, a single mother of two, trying to re-enroll in Medicaid after missing a renewal notice in the mail.
She spends hours navigating a glitchy website and struggling to fill out long paper forms, only to be disenrolled due to a small error on her application.
Unfortunately, Sarah’s story is all too common.
Today, nearly 90 million Americans on Medicaid face similar challenges with eligibility screenings and re-enrollment.
Simple mistakes, like missing a form or misunderstanding a requirement, account for 75% of Medicaid disenrollments.
This not only leaves patients without coverage but also creates massive financial losses.
Medicaid health plans (MCOs) lose over $30 billion from churn, healthcare providers miss out on $13 billion in patient revenue, and states waste $8 billion in administrative costs.
With the ongoing Medicaid redetermination crisis putting 15 million enrollees at risk of losing coverage in the next 18 months, the need for a Medicaid navigation platform has never been more critical.
Such a health navigation platform can simplify the process, helping patients like Sarah avoid unnecessary hurdles and stay covered while saving providers and states significant resources.
Healthcare Navigation Platform Market Trends
The healthcare navigation platform market is growing fast.
In 2023, it was valued at USD 10.07 billion. By 2030, it’s expected to grow by 8.49% every year.
Why is this happening?
More companies are using data-driven technology.
There’s also a rise in mergers and acquisitions, where companies join forces.
Governments are pushing for more healthcare IT, and AI is becoming a game-changer in healthcare.
This is great news for healthcare providers and tech entrepreneurs.
Building a Medicaid navigation platform now puts you ahead.
With AI and smart technology, you can help patients while saving time and money.
Benefits of a Medicaid Navigation Platform
A Medicaid navigation platform makes the whole process smoother for everyone involved.
6 Key Features of a Medicaid Navigation Platform
Case Study: Developing a Medicaid Navigation Platform
Empowering Providers and Health Plans with Real-Time Insights
This Medicaid navigation platform does more than help consumers—it also gives healthcare providers and health plans powerful tools.
Now, they can easily track Medicaid enrollment status and see what steps consumers need to take next.
Providers and health plans get real-time updates on contact information and access to detailed analytics.
This means they can make smarter decisions, streamline their operations, and reduce the risk of losing revenue.
It’s all about using data to make things easier and more efficient, so they can focus on providing great care.