In recent years, startups and health care organizations have invested in new technologies to improve care for all. However, as the discussions about potential Medicaid cuts intensify, they are preparing themselves for if or when those cuts do take place. 1 in 5 Americans are under Medicaid and these cuts can have a lasting impact on the people receiving the care and the ones delivering that care.
Leaders and organizations across the nations are developing different action plans to invest more strategically. VNS Health is also being proactive to ensure continued support for our neighbors and their communities. President and CEO Dan Savitt, underscores the importance of strategic investment in new technologies to navigate these potential cuts. Investing in ventures that reduce administrative costs can generate faster ROI than ones for patient care, which is crucial in the current climate.
You have to be more selective and slow down the investments that impact clinical quality and member engagement and patient engagement.
Dan Savitt, President and CEO of VNS Health
VNS Health has also made efforts to expand behavioral health services in underserved areas, acquire other managed long term care plans, and address workforce challenges that continue to impact the health care industry. These areas of interest helped the organization grow in 2024 and set up potential success for 2025.
While discussions for Medicaid cuts are being held, VNS Health is advocating for increases to health care funding and reimbursement rates. Any other policy changes from the administration are also being reviewed by the organization which is committed to serving New Yorkers from all walks of life.
Team members across VNS Health are working tirelessly to ensure that the quality of care remains unaffected, despite these potential budget cuts.
Read the full WSJ article here.
