Providers in Oklahoma are about to see a significant pay cut for their Medicaid claims, and there isn’t much time to prepare. Starting July 1, you’ll see a startling 25 percent decrease in the state’s Medicaid payments, the Oklahoma Health Care Authority (OHCA) announced on March 29.
After slashing the reimbursement by 25 percent, Oklahoma’s Medicaid rates will stand at about 65 percent of the national Medicare rate — and it’s possible that more cuts will come, impacting over 46,000 providers, the OHCA said in a March 29 statement.
“I do not take these cuts lightly,” said OHCA CEO Nico Gomez in the statement. “As the state’s largest health insurer, the Oklahoma Health Care Authority underpins the entire fabric of the state’s health care system that serves all Oklahomans. I worry about the infrastructure of our health care system in light of these cuts. From a business standpoint, I’m afraid many providers will close their doors to our patients. In some cases, especially in rural parts of our state, health care professionals will have to move their business to larger communities in order to survive financially,” Gomez added.
Resource: To read more about Oklahoma’s Medicaid cuts, visit www.okhca.org/about.aspx?id=18904.