CareSource, one of Dayton’s most significant and fastest-growing companies, is trying to find new growth opportunities in an active market when fewer people depend on Medicaid.
Erhardt Preitauer, president and CEO of CareSource, declared in 2020 that the firm would continue to enter new nations and deploy new lines of business.
“We are working on it, an entire group of these (states) with luck,”
he said. “We have many inspiring opportunities that we hope, in 2020, to have the ability to use to grow back for the organization.”
“When the type of economy goes down, more people enter Medicaid, and as soon as the market works very well, fewer people enter Medicaid, which works oppositely to many other people here,” said Preitauer, including Medicaid. It has come down across the nation with 4% unemployment.
Preitauer stated that CareSource has several hundred open jobs now. After spending his year markers in Dayton, Preitauer said he was “amazed … at how amazing Dayton is.” He said it doesn’t end up being a market too difficult to attract executives to Dayton.
“We have recruited 30 new people in the previous year and four months,” he said. “People love it.
But he said an even more significant challenge for CareSource is to navigate the regulatory and political environment at the national and state levels. He said that due to the complexity of the caresource foundation, some aspects are affected positively or negatively, depending on the economy.
Preitauer said. “In general, we are quite excited about the future.”
CareSource continues to make investments in technology regarding a patient’s access to care, particularly in underserved populations. Preitauer said that involving customers more through technology can finally help improve their health outcomes.
“Finally, you can get positive results and do it in a way that can reduce costs and increase quality using technology, using the information in another way,” said Preitauer. “That is the route in which we are as a company, and we believe that it can have and offer good value for all our stakeholders.”
The CareSource Life Services program provides support and services to people leaving a correctional facility, requiring a driver’s license, leadership on the best way to dress for a job interview, help recovering drug addicts, doing your GED, etc.
“Someone who cares about food, housing, or employment will not worry about getting their preventive maintenance,” he said, and finally, it cost him more money.