Managed care
What is managed care?
The managed care health insurance model was developed as
a method of containing health care costs. The managed care system is based on the
concept of trading a reduced level of reimbursement in exchange for directing patients
to contracted network facilities and physician practices. Resulting largely from the
impact of costly traditional or indemnity plans in the 1980's and 90's, managed
care plans were developed to save insurance companies and consumers money. Since managed
care allows insurance companies more control over the payment and
utilization process, HMO, PPO and POS products have penetrated more than 90 percent of the Chicago
market.
HMO plans
Under the standard HMO plan, individuals must choose a physician as their primary care
physician, or PCP. As a "gatekeeper" for medical services related to the
patient, only the PCP can authorize patient referrals to other providers for
specialized care or tests. Should the patient choose to use any non-referred
physician or facility, the HMO will not provide any benefit coverage. The goal
of this type of medical plan is to be more effective in controlling and
monitoring treatment costs. To some, significantly lower premium costs may
outweigh the perceived negatives of an HMO.
PPO plans
A PPO plan, in contrast, allows a person to see any
physician they like. Maximum benefits are paid only if the member utilizes
a physician/facility within their contracted (PPO) network and complies with any
applicable policies or procedures required by the PPO. Each member receives
access to a directory of contracted providers either through their employers
or the Internet to assist them in choosing the appropriate medical provider.
In a PPO, participants do not choose a primary care physician, and there is no
referral process.
POS plans
POS plans were developed from the HMO and PPO plans and allow
a patient to use in-network or out-of-network providers and still receive
some level of benefit. In-network benefits are designed like an HMO in that
members must go through their PCP to get a referral for any service
(such as elective surgeries, specialist visits). By doing so, members are usually liable for
a small copayment and/or coinsurance amount. If patients choose to go out-of-network by
not utilizing their PCP, they will have larger out-of-pocket expenses similar to what they
would experience as an out-of-network benefit under a PPO.
In short, plans with few restrictions, like PPOs, tend
to offer greater choices at higher patient costs, while plans that limit provider choices tend to have
lower costs to the members and a lower premium for employers.
Managed care at Children's Memorial
Since its beginning,
managed care has played a significant role at Children's Memorial Hospital. Currently, the managed
care patients served at our facility has grown to approximately 50 percent of
the hospital's total patient volume, with a portion of the
remaining population covered under managed care Medicaid HMOs.
Managed care contracts at Children's Memorial
Click here for a listing of managed care
insurance partners.
The managed care departments at Children's Memorial
The managed care department at Children's Memorial
Hospital is organized into two specific areas: managed care operations and managed care contracting. Both areas work
closely with other departments and external entities to minimize patient issues
associated with their managed care plans while at the
same time maximize reimbursement and streamlining operations.
The managed care department hopes to use this page as a
sounding board to answer general questions related to managed care at Children's
Memorial and elicit feedback about what you would like to see on this page.
Please send an e-mail to smookeen@childrensmemorial.org.
Unfortunately, questions regarding access to Children's Memorial through your
health insurance carrier and questions regarding coverage and benefits can only
be answered through your health insurance representative.