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Article: The growth of managed care.
- Article from:
- Healthcare Financial Management
- Article date:
- August 1, 1994
- Author:
CopyrightCOPYRIGHT 1994 Healthcare Financial Management Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Next to healthcare reform, managed care has been the focus of more discussion, educational efforts, and analysis than any other topic related to healthcare finance.
Managed care is more than a payment system. It is an alternative form of health insurance coverage as well as a process for managing the cost, quality, and access to healthcare services. Typically, managed care includes a benefit plan designed to encourage cost-effective use of healthcare services and channeling of beneficiaries and requires competition among providers for the opportunity to deliver healthcare services. Providers assume positions of risk in exchange for potential gain, which serves as an ...