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Related Experiment Videos

Managed care strategies for the '90s.

M Weinstein1, N O'Gara

  • 1Medical Center of North Hollywood, CA.

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|July 7, 1992
PubMed
Summary

Managed care organizations are increasing, requiring providers to adapt. Hospitals can succeed with managed care programs by strategizing with physicians and managing risk effectively.

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Area of Science:

  • Healthcare Management
  • Health Services Research

Background:

  • The increasing dominance of managed care organizations (MCOs) in healthcare delivery necessitates strategic adaptation by providers.
  • Understanding managed care trends and their implications is crucial for healthcare organizations.

Purpose of the Study:

  • To outline strategic responses for healthcare providers facing the rise of managed care.
  • To identify opportunities and potential pitfalls for hospitals developing their own managed care programs.

Main Methods:

  • Analysis of managed care market trends.
  • Strategic planning framework development.
  • Risk management and physician collaboration assessment.

Main Results:

  • Significant opportunities exist for hospitals offering managed care programs.
  • Avoiding costly mistakes is paramount for successful program implementation.
  • Key strategic elements include physician collaboration, internal risk management, and direct contracting.

Conclusions:

  • A comprehensive strategy is essential for hospitals to leverage managed care opportunities.
  • Effective risk management and strategic partnerships are critical for financial viability in managed care environments.

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