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Is a PSO right for you?

R D McDaniel1

  • 1HealthCare Automation, Owings Mills, MD 21117, USA.

Medical Group Management Journal
|October 28, 1999
PubMed
Summary
This summary is machine-generated.

Organizations considering becoming a provider sponsored organization (PSO) under Medicare+Choice need to review critical success factors. This article outlines key components for establishing a successful PSO.

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Area of Science:

  • Healthcare Management
  • Health Policy

Background:

  • The Balanced Budget Act of 1997 introduced Medicare+Choice.
  • Medicare+Choice offers alternatives to traditional Medicare, including Provider Sponsored Organizations (PSOs).

Purpose of the Study:

  • To identify critical success factors for organizations considering becoming a PSO.
  • To define essential components for a successful PSO.

Main Methods:

  • Review of legislative framework (Balanced Budget Act of 1997).
  • Analysis of the Medicare+Choice program structure.
  • Identification of key operational and strategic elements for PSOs.

Main Results:

  • Several critical success factors are essential for PSO viability.

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  • Specific components contribute to the overall success of a PSO.

    • Conclusions:

    • Organizations must conduct a detailed review of success factors before establishing a PSO.
    • Understanding these factors is crucial for navigating the Medicare+Choice landscape.