Culture & People
Managed care refers to a healthcare option in which the provider manages the care of the individual for a fixed fee, emphasizing wellness and prevention rather than the cure.
Managed care definition
Managed care refers to a healthcare option in which the provider manages the care of the individual for a fixed fee, emphasizing wellness and prevention rather than the cure. The goal of managed care is to provide better quality health care at lesser costs.
Managed care uses a network of established medical resources to provide care, including regular doctors and facilities.
Managed care program types
1. Health maintenance organisation (HMO): where users pay monthly amount to become members and get a primary care physician who takes care of their regular health care.
2. Preferred provider organisation (PPO): where users pay for health care at a discounted rate if they're clients of the insurance companies which are contracted to the health provider organization.
3. Point of service (POS): where users use both features of HMO and PPO combined.
Explore More Terms & Definitions
- Pareto chart
- Developmental counseling
- Key Performance Indicators (KPIs)
- Internal Recruiter
- Health savings accounts (HSA)
- Goal Setting
- Entry Level Job
- Time In Lieu
- Unstructured Interview
- Cost of Living Adjustment
- On the Spot Interview
- Pre-employment screening
- Indirect compensation
- Administrative Services Only or A
- Disciplinary procedure
- Panel Interview