Financial Analysis of Inmate Healthcare Expense
Analysis is broken into various aspects and takes into account non-healthcare expenses (security and transport) to help identify opportunities for reduction in cost or to gain efficiencies for the agency. Place of treatment and types of treatment are reviewed to validate best use of service and level of service provider. It’s important to identify local public opportunities for potential continuity of service and expand coverage with the potential of third party insurance. Also should there be a change with Texas participation changes under the Affordable Care Act, Optio can assist. New opportunities with 340B pricing can held reduce cost for HIV and hopefully soon, mental health pharmaceuticals.
The analysis of the healthcare staffing is done in relation to a) staffing cost b) operational efficiency and c) staff retention/turnover.