Syntel’s Medicare and Medicaid Services

The Medicare and Medicaid spending growth is the fastest among healthcare segments. With increasing volume and shrinking margins, payers need to keep operating costs low, while maintaining compliance with regulations. According to Center for Medicaid and Medicaid Services (CMS), federal and state spending on Medicaid, Children’s Health Insurance Programs (CHIPs), and Medicare is estimated to have exceeded $1.2 trillion and aided over 130 million people in 2015. By 2024, CMS anticipates spending on these three programs to increase by 77%.

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