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Related Experiment Videos

It's worth the ... risk

T Hudson

    Hospitals & Health Networks
    |April 29, 1998
    PubMed
    Summary
    This summary is machine-generated.

    Hospital executives must be patient, diplomatic, and agile to manage risk contracts with Health Maintenance Organizations (HMOs). This study reveals how hospitals navigate these complex financial agreements.

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    Area of Science:

    • Healthcare Management
    • Health Economics
    • Risk Management

    Background:

    • Health Maintenance Organizations (HMOs) increasingly utilize risk-sharing arrangements.
    • Hospitals face significant challenges in managing financial risk associated with these contracts.

    Purpose of the Study:

    • To investigate the strategies and approaches hospitals employ when entering into risk-sharing contracts with HMOs.
    • To provide insights into the operational and executive demands of managing these agreements.

    Main Methods:

    • Analysis of exclusive data on hospital handling of risk contracts.
    • Qualitative insights from hospital executives involved in negotiations.

    Main Results:

    • Hospitals require specific executive skills, including patience, negotiation finesse, and strategic agility.

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  • Effective management of risk contracts involves complex operational and financial maneuvering.

    • Conclusions:

    • Successfully sharing risk with HMOs necessitates a sophisticated blend of interpersonal and strategic capabilities.
    • Understanding these demands is crucial for healthcare organizations aiming to optimize risk-sharing agreements.