A Managed Care Network and Financial Risks Network - 550 Words

A Managed Care Network and Financial Risks Network (Essay Sample) Content: A MANAGED CARE NETWORKNameInstitutionIn health care, managed care is a system that has administrative control over primary healthcare services in medical practice. Its primary objective is to eliminate excess services and facilities in a bid to cut down on cost. Being part of this program can be of great benefit to healthcare enterprises in more ways than one, be it in staffing, patient load and financial stability, as well.With regards to staffing, my clinic would get the privilege of having experienced and well qualified staff- doctors, nurses or any other. This comes since my enterprise will be knitted together through and by a joint equity investment of the physicians and the mother enterprise-the managed care enterprise. This will ensure quality services delivered to the patients and a comfortable recuperating environment for them, as well. Having qualified staff, well trained and with the proper etiquette required in their field will appeal to the present patien ts and will even help grow the enterprise as a ripple effect from the good publicity and reputation the enterprise would have earned. Also, having a managed care program will create a really good and luring impression on the practitioners out there; hence my clinic would not find it hard looking for a replacement or an extra hand as the enterprise grows (Kongstvedt, 2001).In as much as there will be a significant increase in patient enrolment into the clinic, this patient load will be countered and eased in the long run. Notably, the enterprise, as a result of being part of a larger network will enjoy extra bits of funding from the mother enterprise (Brown, 1994). This in turn will lead to the physical expansion of my clinic, which is more bed space, and also a boost in staffing, as well. Also as an added benefit to being part of the network, the patients that may be in need of advanced care or just in case of patient overflows, the doctor can make referrals to the other clinics or hospitals that are part of the network and at the end of it all, my clinic still ends up benefiting and the patient load is very well taken care of.Stability financially will be borderline rock-solid. My clinic will enjoy shared financial risks together with the enterprises within the network; hence being in it comes as a benefit for my small clinic. This will also come with reduced self-funding, which translates to gains for my clinic. The whole package that comes with being part of a network does come with funding in it, and good funding at that (Powell, 2...