In Managed care, the healthcare plan oversees both the costs of healthcare and the outcomes of care.
What is Managed care?
- Managed care is a type of health insurance plan that forms a contract with both the medical facilities and the healthcare provider so that members can receive healthcare at a reduced price.
- This not only reduces the cost but also provides quality care.
- Depending upon the cost, the managed care plans are of 3 types: Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs) and Point of Service (POS).
- HMOs only pay for care within the network of your insurance.
- PPOs pay more within the network but also pay a bit if outside the network.
- POS allows you to choose between HMO and PPO at the time care is required.
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