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In the United States, managed care is a system of health insurance and health delivery that is designed to coordinate medical resources and contain health care costs. The term “managed care” can describe various healthcare organizations, but all managed care organizations share certain standard features. These features include gatekeepers, utilization reviews, and provider contracts. EMPLOYERS® Managed Care Services are among the top services one can avail of for effective management.
It commenced in the 1970s as a response to the rising cost of health protection. A recent study found that nearly 60% of employers consider dropping their employees’ health insurance. The reason for this is the high cost of health supervision. However, health protection costs have been rising steadily for years, and employers are struggling to keep up.
Why Choose Managed Care Services?
Healthcare costs continue to rise, leaving employers and employees struggling to keep up. As a result, many employers are turning to EMPLOYERS® Managed Care Services to provide quality supervision at a lower cost.
Effective
A recent Business Group on health study found that nearly two-thirds of employers who offer managed care services say they effectively control healthcare costs. In addition, three-quarters of employers say these services improve the quality of service their employees receive.
Cost-effective
According to a study, employers who use managed care services save an average of 15% on their healthcare costs. These savings can be passed on to employees through lower premiums and deductibles.
Quality
When it comes to your health, you want the best possible assistance. Therefore, employer-managed care services are held to high standards and must meet rigorous quality measures.
Convenience
Giving the protection you need is easy with an employer-managed care service. You can make appointments, get prescriptions, and more all in one place.
Coverage
An employer-managed supervision service provides comprehensive coverage for you and your family. So you can rest knowing that you’re covered no matter what life throws your way.
Some Managed Care Services
Network Management
It is a type of arrangement that contracts with medical providers, such as hospitals and physicians, to provide care for its members at a lower cost. Managed care plans often use a network of providers to deliver care.
Network management is the process of designing, implementing, monitoring, and maintaining networks. Network managers are responsible for ensuring that networks are designed and operated to meet the needs of users and businesses.
The services use network management to control costs by negotiating contracts with providers, setting provider reimbursement rates, and managing utilization. Network management can also help managed care plans improve care quality by ensuring members have access to appropriate providers and services.
Pharmacy Management
Pharmacy management focuses on the overall cost of the prescription. It works with insurance companies and pharmacies to negotiate lower prices for prescription drugs. Pharmacy management also covers non-prescription drugs, such as over-the-counter medications. It can help you save money on your prescription drug costs, even if you have a high deductible plan. The service can also help you get the best possible price for your prescription drugs by working with your insurance company to get discounts or rebates.
Final Verdict
Employers are increasingly turning to managed care services to provide quality health assistance benefits to their employees. This healthcare trend is likely to continue as the advantages of managed care services become more widely known. Employers considering switching to a managed care plan should consider all the factors involved before deciding.
The arrangement is a part of the worker’s compensation program and benefits both employee and the employer. Reach out to a reputable insurance agency for further assistance.
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