Managed care organizations compete with each other on quality and low cost provision of services. exclude health maintenance organizations. exclude preferred provider organizations. exclude closed-panel HMOs. are often run by the federal government.
Managed care organizations compete with each other on quality and low cost provision of services. exclude health maintenance organizations. exclude preferred provider organizations. exclude closed-panel HMOs. are often run by the federal government.
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Question
Managed care organizations
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compete with each other on quality and low cost provision of services.
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exclude health maintenance organizations.
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exclude preferred provider organizations.
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exclude closed-panel HMOs.
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are often run by the federal government.
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Expert Solution
Step 1: Managed care organization
A managed care organization (MCO) is defined as a kind of healthcare delivery system which aims to manage and control healthcare expenses while preserving or raising the standard of care offered to its members. MCOs accomplish this by means of the organization of healthcare networks, contract negotiations with healthcare providers, as well as the application of various cost-control strategies.
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