Medicaid Can Save More than $4.8 Billion by Moving to Fully Electronic Transactions
WASHINGTON, Aug. 13, 2018 /PRNewswire/ -- CAQH CORE(®) today announced that state agencies and health plans covering 44 percent of all Medicaid enrollees have achieved some level of CORE Certification. This compares to 78 percent for commercial health plans and 75 percent for Medicare Advantage plans. Medicaid agencies and health plans can save more than $4.8 billion annually by fully adopting CAQH CORE Operating Rules for electronic transactions as verified by certification.
A collaboration of more than 130 public and private entities across the healthcare industry, CAQH CORE develops operating rules that support electronic sharing of administrative data quickly, cost-effectively and securely. There are currently four phases of operating rules, each covering a different set of administrative transactions. CORE Certification is the gold standard for demonstrating market adoption and adherence to operating rules.
"Medicaid payers confront the challenges of administrative costs, productivity and information security through CORE Certification," said Robin J. Thomashauer, President of CAQH. "The benefits to enrollees, taxpayers and government programs from efficient operational processes and electronic transactions are significant."
By adopting all four phases of operating rules for electronic transactions - and verifying through CORE Certification - Medicaid payers can reduce overhead expenses and direct more state and federal tax dollars toward patient care. For example, Medicaid payers in Florida could save $177 million, Illinois could save $294 million and those in California could save $655 million annually. For an analysis of the potential savings in each state, click here.
"Provider organizations that serve a large number of Medicaid enrollees like CHRISTUS find working with CORE-certified Medicaid plans to be far more efficient and predictable," said George Conklin, CAQH CORE Board Member and CIO, CHRISTUS Health. "We strongly urge those Medicaid plans that are not certified to contact CORE and learn about the benefits to their organizations and the people they serve."
Read the list of CORE-certified organizations or interact with our dashboard of CORE-certified Medicaid payers.
Learn how to become CORE certified.
State Medicaid Potential State Medicaid Potential
Savings Savings
--- ------- -------
Alabama $5,739,000 Montana $31,303,000
------- ---------- ------- -----------
Alaska $1,329,000 Nebraska $5,366,000
------ ---------- -------- ----------
Arizona $124,554,000 Nevada $22,715,000
------- ------------ ------ -----------
Arkansas $98,436,000 New Hampshire $7,780,000
-------- ----------- ------------- ----------
California $654,889,000 New Jersey $28,850,000
---------- ------------ ---------- -----------
Colorado $127,604,000 New Mexico $72,186,000
-------- ------------ ---------- -----------
Connecticut $92,791,000 New York $571,587,000
----------- ----------- -------- ------------
Delaware $18,642,000 North Carolina $225,870,000
-------- ----------- -------------- ------------
District of Columbia $23,151,000 North Dakota $2,955,000
-------------------- ----------- ------------ ----------
Florida $177,127,000 Ohio $243,585,000
------- ------------ ---- ------------
Georgia $63,204,000 Oklahoma $7,176,000
------- ----------- -------- ----------
Hawaii $31,659,000 Oregon $99,125,000
------ ----------- ------ -----------
Idaho $30,358,000 Pennsylvania $220,646,000
----- ----------- ------------ ------------
Illinois $294,397,000 Rhode Island $24,328,000
-------- ------------ ------------ -----------
Indiana $91,064,000 South Carolina $99,217,000
------- ----------- -------------- -----------
Iowa $12,162,000 South Dakota $13,335,000
---- ----------- ------------ -----------
Kansas $4,146,000 Tennessee $12,228,000
------ ---------- --------- -----------
Kentucky $88,723,000 Texas $186,943,000
-------- ----------- ----- ------------
Louisiana $24,084,000 Utah $33,408,000
--------- ----------- ---- -----------
Maine $1,687,000 Vermont $18,373,000
----- ---------- ------- -----------
Maryland $101,062,000 Virginia $64,359,000
-------- ------------ -------- -----------
Massachusetts $122,474,000 Washington $135,099,000
------------- ------------ ---------- ------------
Michigan $218,561,000 West Virginia $29,029,000
-------- ------------ ------------- -----------
Minnesota $116,273,000 Wisconsin $74,226,000
--------- ------------ --------- -----------
Mississippi $22,650,000 Wyoming $6,597,000
----------- ----------- ======= ==========
Missouri $59,921,000 Total All States $4,842,973,000
-------- ----------- ---------------- --------------
Methodology: Transaction volume and per transaction savings from the 2017 CAQH Index were applied to the number of Medicaid lives per state not covered by a CORE-certified health plan or
state fee-for-service program to estimate the annual state savings that could be realized through full CORE Phase I through IV Certification. Annual state savings potential was
estimated using state Medicaid enrollment from the "May 2018 Medicaid & CHIP Enrollment Data Highlights" at Medicaid.gov and Medicaid health plan enrollment from "AIS's Directory of
Health Plans, July 2018" at AISHealth.com.
About CAQH CORE
CAQH CORE is a nonprofit collaboration of over 130 organizations, including health plans, providers, vendors, state and federal government entities, standards development organizations, and other stakeholders across the industry. Through this collaboration, CAQH CORE helps stakeholders uniformly adopt electronic transactions and exchange data efficiently. Since 2005, CAQH CORE has developed and issued four phases of operating rules that support standards, accelerate interoperability and align fee-for-service administrative activities among providers, payers and consumers. In 2015, the CAQH CORE scope expanded to include exchange needs for value-based payment. www.caqhcore.org
View original content:http://www.prnewswire.com/news-releases/medicaid-can-save-more-than-4-8-billion-by-moving-to-fully-electronic-transactions-300695831.html
SOURCE CAQH
