Going beyond traditional Medicare
Medicare Advantage offers several benefits for both patients and physicians.
For patients, Medicare Advantage plans provide comprehensive coverage that goes beyond traditional Medicare, which may include prescription drug coverage, vision, dental, hearing, and wellness programs. Additionally, Medicare Advantage plans may have lower out-of-pocket costs and networks of healthcare providers who work together to provide coordinated care, resulting in better health outcomes for patients.
For physicians, Medicare Advantage plans incentivize them to focus on quality of care and patient outcomes rather than the quantity of services provided, resulting in more efficient and effective care delivery. Medicare Advantage plans typically have standardized processes and requirements for prior authorizations, referrals, and claims, which reduces administrative burdens and provides more financial stability for physicians.
All of these benefits are crucial in the transition to addressing the physical, mental, and emotional needs of patients. By providing comprehensive coverage, coordinated care, and incentivizing quality over quantity, Medicare Advantage plans align with the goals of whole person care, allowing patients to receive the care they need to achieve improved health outcomes.
Because of its roots in value-based care and aligned incentives, Honest is well-suited to excel in the Medicare Advantage market.