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No. For one, in an HMO the providers are "capitated" paid part of the premium EVERY month, whether you use their services or not.
Health Maintenance Organization HMO stands for Health Maintance Organization. Basically an HMO lets you go to a small group of doctors and hospitals. But, if you go anywhere else you have NO COVERAGE.
No, it is an initiative
An HMO is a construct intended to combine the financing and the delivery of health care services. It provides a comprehensive set of health care services to members (subscribers) in return for a monthly fee. Stated otherwise, an HMO may be considered to be both a health care provider and an insurer.
The HMO Blue Cross plan covers inpatient and outpatient medical care, mental health care, substance use care, prescription drug coverage, and preventative care.
An HMO is an organization that provides insurance for consumers. They help make health care affordable for those they ensure.
One Care HMO group offers a number of medical services. The handle different types of medical care. There are several plans available to assist all types of customers.
capitated health insurance is when a physician gets paid a specified dollar amount, for a given time period, to take care of the medical needs of a specified group of people. Often used in Health Maintenance Organization (HMO) Insurance Plans.
Difference between HMO (Health Maintenance Organization) and MCO (Managed Care Organization) is that in HMO where the insurance creates an network of providers termed PCPs (Primary Care Physicians), but in the case of MCO the health care provider or group of medical service provider who contract with insurers or self-insured employers to provide the wide variety of managed helath care services.
For the most part, no. An HMO is a type of managed care plan that focuses upon keeping the member healthy. It is a genre of "managed care", of which there are several models. The models differ mostly in the amount of choice that the member is given in using physicians of his/her choice, at least without first getting a referral from the member's "primary care physician". The primary care physician is a provider under the HMO and assumes the main responsibility for the patient's care, and, as necessary, referrals to specialists. Because the HMO "manages" the care, the care is kept in a fairly tight sphere, thereby lowering overall costs. Therefore, participation by a member in an HMO is usually amoing the more economical health care options. Although HMOs are not technically "insurance", they are generally regulated by state insurance regulators. The insurance regulator is concerned with the HMO's financial stability, reasonableness and sufficiency of rates, and similar factors/
Throughput
An HMO is a Health Maintenance Organization. They provide services which include health insurance, self-funded health care benefit plans and provides communication between health care providers and individuals.