Pursue New Business Opportunities
Your organization must be ready to move quickly when an opportunity presents itself.
This can take many forms, including:
- Offering plans in a new geography
- Launching a new line of business
- Acquiring another plan or provider-led plan
- Aggressively expanding membership in existing geographies and lines of business
Health plans are under significant pressure to introduce and grow new lines of business but are often handcuffed with inadequate or obsolete core administrative systems. Download the white paper for guidance and experience from peers on responding to business opportunities rapidly and with agility and staying ahead of the competition using modern technology.
No matter what your strategy, the underlying technology must provide the agility to move fast and establish a competitive advantage.
For many health plans, outdated technology is causing expensive workarounds and manual processes that prevent a successful response to new business opportunities. The unavoidable reality is the need for a next-generation core administrative platform that can not only keep up but also provide a unified solution for the future.
HealthRules customers launch new lines of business in a matter of weeks, instead of months or years. For more than twelve years, health plans implementing HealthRules have benefited from unparalleled flexibility, enabling them to quickly address market opportunities and stay in front of their competition.
Andy Slavitt, former Acting Administrator, Centers for Medicare and Medicaid Services, describes the transformational movement from fee for service to value-based reimbursement models. He talks about how paying for outcomes is more desirable, but also a daunting shift for the healthcare industry.
Real-World Examples: Plans for the Future