#USA #Medicaid #St. Paul #Panacea Healthcare #KA Consulting

Expanding Access: Panacea Healthcare Solutions Enhances Medicaid Eligibility

In a significant move set to benefit healthcare facilities nationwide, Panacea Healthcare Solutions has announced the expansion of its Medicaid Eligibility Program. The initiative is designed to assist hospitals in qualifying self-pay patients for Medicaid coverage, ultimately helping to minimize uncompensated care and bolster financial outcomes for these institutions.

A Legacy of Success

This new nationwide initiative builds on the proven success of a program developed by KA Consulting, a reputable name in healthcare financial services. Following its acquisition by Panacea in 2024, this program has been a reliable resource for over 25 years, primarily assisting hospitals in the Northeast. The impact is tangible; facilities utilizing the program have experienced a remarkable 13% increase in Medicaid revenue, thanks to the elimination of enrollment barriers and the streamlining of patient qualification processes.
Moreover, the inclusion of KA Consulting's Virtual Eligibility Counselor technology is showing promise, potentially leading to an impressive 18% boost in overall Medicaid revenue while enhancing operational efficiency and patient outcomes.

Webinar for Hospitals

As part of the rollout of this nationwide program, Panacea is hosting a complimentary webinar titled "Navigating Medicaid Changes: The Role of Presumptive Eligibility in Changing Times" on April 16th at noon ET. This session aims to help hospitals optimize their Medicaid eligibility processes and features important compliance considerations, workflow improvements, and real-life case studies demonstrating the effectiveness of the program.

An Essential Tool for Financial Management

Kevin Chmura, CEO of Panacea Healthcare Solutions, emphasized the critical role that identifying and assisting eligible self-pay patients plays in this economic climate. With rising operational costs and dwindling reimbursements, this program is more crucial than ever. By integrating KA Consulting’s robust eligibility program with Panacea's Drug Assistance Program and Price Transparency products, including the Good Faith Estimate tool, the company aims to empower patients to select suitable healthcare providers while ensuring they receive necessary financial assistance.

Dedicated Support to Facilitating Patient Benefits

Supporting the expanded Medicaid program is a team of dedicated specialists available both on-site and remotely. These professionals work closely with hospital registration, patient access, and financial services departments to ensure a dual focus on patient needs and measurable results. This patient-driven approach guarantees that individuals gain access to the benefits they are entitled to, while also helping hospitals secure the reimbursement funds that might otherwise go unclaimed.

George Kelley, President of the KA Consulting Division, voiced the significance of the program: “This initiative exceeds mere financial recovery; it focuses on helping patients navigate a complex healthcare system to obtain needed support.” Drawing from extensive knowledge of state and federal Medicaid criteria and fostering relationships at the hospital level, the team commits to delivering outstanding results. With Panacea's enhanced resources and nationwide footprint, they aim to extend this successful program to hospitals across the U.S.

How to Register

For hospitals interested in maximizing their Medicaid eligibility efforts, registration for the upcoming webinar is available here. Visit Panacea Healthcare Solutions to learn more about the expanded Medicaid eligibility program and its numerous benefits.

About Panacea Healthcare Solutions

Panacea Healthcare Solutions stands at the forefront of healthcare financial services, delivering comprehensive financial, revenue integrity, and clinical services across the nation. With an unwavering commitment to innovative solutions and measurable outcomes, Panacea takes pride in helping healthcare organizations enhance their financial health, ensure compliance, and elevate patient care standards.