Pandemic Tests Ability of Medicare Advantage Organizations to Innovate in Work-from-Home Model
Nonetheless, Phillips anticipates that Medicare Advantage growth will remain strong in 2021 as the eligible population continues to grow and with forward-thinking Medicare Advantage Organizations (MAOs) positioned to gain membership with enhanced products and greater internal efficiency.
"Many MAO's decelerated their operations as they adjusted to a work-from-home (WFH) model over the course of this year," explains Phillips. "However; with a vaccine-driven recovery on the horizon, and the pool of adults 65 and older incrementally increasing, I believe success will correlate directly to the benefit of the organizations who were effective and productive while operating remotely."
Phillips believes the transition was even easier for some industry firms who had already embraced WFH before the pandemic in order to recruit talent nationally and reduce office overhead. "There are insurers making bold moves and incorporating new perspectives in difficult times" states Phillips. "These MAO's will capitalize during economic recovery while others are lagging behind already and may not even know it."
A recent data brief commissioned by the
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