From this chapter, we have learned about the migration from fee for service models of providing health care to managed care organizations. The type of managed care organizations still stratifies the care given based on what type of plan you have and how much premium you pay. Describe in at least 100 words your own evaluation of the possible benefits of Managed Care and at least one of the down sides.
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Managed care has become an essential aspect of healthcare delivery in modern times. It involves a system of delivering healthcare services through a prearranged set of healthcare providers, which are under contract to provide patient care at reduced costs. The system shifts the focus from fee for service models to preventive care with an emphasis on managing chronic diseases. However, like any other system, there are certain benefits and downsides to managed care.
Managed care organizations (MCOs) offer several benefits to patients, providers, health plans, and payers. Firstly, MCOs limit unnecessary medical procedures, which can help to reduce the costs of healthcare while providing better care to patients. The managed care model also emphasizes preventive practices, reducing the need for hospitalization, and promoting primary care services. This approach results in a better quality of life and lower healthcare costs. Secondly, MCOs guarantee the quality of care provided through a well-organized provider network system with qualified healthcare professionals. Additionally, they offer patient education and support programs, encouraging patients to be more aware and engaged in their healthcare needs.
Despite its many advantages, managed care has some drawbacks. For instance, the cost-cutting measures implemented by MCOs do not always result in high-quality care, which can be detrimental to the patient’s health. Plans may deny payment for expensive services or effective medications, frequently leaving patients responsible for these costs. This type of cost-shifting and denying payment is widespread, leading some to criticize the lack of transparency in managed care contracts. Finally, patients are restricted to limited provider networks, giving them limited access to specialists, leading to limited options for patients.
In conclusion, while managed care has its benefits in driving cost-effective, high-quality and preventive care to patients, it’s disadvantageous restrictions on provider networks and cost-cutting may result in subpar care. Balancing access to high-quality care with cost control will be essential to ensure successful implementation of managed care in the health care industry.