Challenges and Opportunities when Entering the Medicare Advantage Market: Insights from RAM Technologies, Inc.

Tuesday, January 28, 2020 Corporate News
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Content sharing program provides health plans with the information they need to excel in the new era of healthcare.

FORT WASHINGTON, Pa., Jan. 28, 2020 /PRNewswire-PRWeb/ -- RAM Technologies, Inc., the perennial leader in the development of enterprise software for Medicare Advantage and Special Needs health plans, is pleased to announce the availability of a new report as part of the "Sharing Knowledge to Improve Healthcare Administration" (SKIHA) program. This month, members of the SKIHA program (free registration) are granted complimentary access to the RAM report, Challenges and Opportunities when Entering the Medicare Advantage Market.

Medicare Advantage (MA) represents a tremendous growth opportunity for health insurers as more Americans are reaching the age of eligibility. Increasing enrollment in MA plans across the country is evidence that seniors favor the improved and pro-active care management, extended benefits and services and lower costs often provided by competitive MA plans. This is exciting news for the industry; however, while the opportunity is there, government regulation and growing competition present unique challenges for organizations looking to enter the MA market. This highly regulated space demands that health plans are fully prepared prior to entry, and with so many processes and tools needed to attain operational readiness and compliance with regulatory mandates, it can be a daunting task.

"RAM Technologies is solely focused on the MA and SNP marketplace", said Christopher P. Minton, Executive Vice President of Sales and Marketing for RAM Technologies, Inc. "RAM provides expert guidance and an end-to-end software suite that deploys rapidly, ensuring our health plan clients achieve operational readiness in the shortest amount of time possible. Our processes ensure compliance with new and evolving industry regulations and mandates, allowing the plan to focus on the care of their beneficiaries."

In 2019, more than 22 million Americans received their health care through Medicare Advantage plans and that number is expected to grow even more over the next decade. These are boom times for MA, but the unique challenges that these organizations face in implementing CMS and state requirements requires a firm understanding of the industry as well as end-to-end technologies that facilitate a smooth transition from CMS confirmation to open enrollment. To learn more about the Challenges and Opportunities when Entering the Medicare Advantage Market - CLICK HERE.

RAM Technologies is a leading healthcare software and services provider with over 30 years of experience delivering proven administrative solutions to the healthcare payer market, with a specific focus on simplifying the administration of Medicare Advantage. The RAM offering, 'Medicare Advantage-in-a-Box', represents the leading end-to-end solution for health plans administering MA or looking for a simplified way to get into the MA / SNP market.

About the Program Established in 2015, the SKIHA program (Sharing Knowledge to Improve Healthcare Administration), provides an open platform to share industry analysis and research, helping the payer community prepare for the future. Each and every month the SKIHA program makes available special content, with unique insight and in-depth industry knowledge, to those in the position to enact real change. This open exchange of ideas supplies the information health plans need to improve operations, increase productivity and reduce costs.

About RAM Technologies, Inc. RAM Technologies is the industry leader in helping organizations that are interested in starting a Medicare Advantage plan. Every day more and more people are asking, "How Do I Become a Medicare Advantage Health Plan?" We offer a step-by-step process to succeed. Whether you are a health system looking to transition to Medicare Advantage or a new entity looking for Steps to Succeed as a Medicare Advantage start-up, we can help. To learn more about launching a Medicare Advantage Plan, answering the question, "What do I need to do to start a Medicare Advantage Health Plan?" call (877) 654-8810 x 4 or visit http://www.ramtechinc.com.

 

SOURCE RAM Technologies, Inc.



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