What Does Managed Care Mean?
Managed care is a term used to describe medical plans or techniques created with the intention of reducing the cost of health benefits and improving the quality of care. The most common form of managed care is known as HMO or health maintenance organization. HMO will restrict the doctors available to you to the HMO network of doctors. With an HMO plan the charges for your doctor's visits are modest and the premiums are generally lower for the traditional fee-for-service health care plans. Some new additions to the HMO network plan are known as the preferred-provider plan and point-of-service plan. The purpose for these types of service plans is to charge the lowest price for each visit to your doctor for treatments that is provided in the plan's network and to allow out-of-network treatment with 70% of eligible cost reimbursement.
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