How is LTSS funded?
While LTSS programs are partially paid for with private funds, public insurance benefit plans like Medicaid pick up the majority of the payments. According to the Henry J. Kaiser Family Foundation, total national spending on LTSS was $310 billion in 2013. Medicaid paid 51 percent, or $128 billion — about 28 percent of their total expenditures under the Medicaid program for the year.1
The majority of Medicaid funding already goes to these sorts of at-risk populations, and with LTSS populations expected to grow in the coming decades2, the need for efficient, effective LTSS is more critical than ever.
Why managed care?
Like other Medicaid offerings, states can choose to offer LTSS services through managed care organizations (MCOs). A managed care LTSS program — known as MLTSS — can offer many advantages to you and your communities, including:
- Improved care coordination.
- Clear points of accountability.
- Increased flexibility and innovation.
- More opportunities to improve community health.
For information about new MLTSS business opportunities and strategic partnerships, contact us today.