With the demand for transparency and the need to optimize resources, today’s public sector is searching for a new approach to budgeting that goes far beyond spreadsheets and software. Increasing demands placed on diminishing resources is the new normal, and public sector budgeters must find a way to do more with less.
Despite budget gaps and federal cuts, the demand for services is at an all-time high. Now state and local governments are getting smarter about collecting moneys already owed, accelerating revenues with a more coordinated, integrated approach.
The Medicaid expansion and the Affordable Care Act are in full swing. With the influx of people who will be applying for benefits and the ACA requirement for online enrollment, it is more important than ever to verify the identities of those accessing benefits up front.
Nationally, six straight years of revenue declines have put enormous pressure on state and local governments, nevertheless, some are thriving. Standard & Poor's, the credit-rating agency, reports that it issued more bond upgrades than downgrades in 2012.
Is your state ready for Marketplace open enrollment in October 2013?
In a few short months, millions of uninsured Americans will qualify for affordable healthcare coverage either through Medicaid, CHIP or tax subsidies.
Public sector organizations are under intense scrutiny to operate as efficiently and effectively as possible and with maximum transparency. An important consideration is the way in which payments are made and managed. Prepaid cards can offer flexibility, security and accountability to governments as a method of dispersing benefits, healthcare and social care payments, child benefits and housing benefits to their constituents.