JASON: 70-80% of the people that are now going on Medicaid will probably get off of Medicaid in the next 6 to 18 months. And when they get off Medicaid, how you treated them, and how your organization cared for them is gonna be front and center of their mind.
ADAM: How do you recommend that hospitals need to be evaluating and thinking about the mass unemployment? So, I think a stat that I read the other day was that for every 1% of unemployment that goes up it's two and a half million people that are leaving the commercially insured market, whether they're going to Medicaid or completely uninsured, how do we need to be consulted in working with our partners to make sure that they're thinking about continuing to engage those commercially insured patients and get back to profitability and back to those elected procedures?
JASON: Yeah, so the pool of commercially insured folks has gone down, obviously, with the more unemployment. The focus on keeping those patients within your system and really catering to their needs and being attentive to their individual, sort of, being understanding that they are a patient, they have their needs, they've got their family, doing what you can do make them feel comfortable, and feel like you're doing everything possible for them, to keep them within your system is gonna be huge. I would like to point out that, you know, a lot of people are potentially getting off of commercial care, and they might be shifting over to Medicare or some other platforms. However, this will pass. This is not like other financial crises or bubbles that, you know, there's gonna be a huge lasting impact on this. I think that what you will see is it's gonna be a slow bounce back, but those patients that you're seeing today that might have had commercial insurance before, and now are on Medicaid, chances are they're gonna get back on commercial insurance. And so ignoring them or sort of putting them behind others might end up being a strategic flaw. It's worth taking the Medicaid dollars now. It's worth taking care of that patient with whatever insurance they do have now because when they do have their commercial insurance later, they'll come back with that commercial insurance. So really knowing who your patient base is, knowing what their history is within your organization, and what they've been paid for is really key.
ADAM: Awesome, thanks, Jason. Thank you everybody for joining the Prescription for Growth, we're excited to have you here. If you have questions or comments, or you have something you would specifically like us to talk about, please put it in the comment section, or shoot Jason and I a direct message, we'll be happy to talk through it. Thank you.