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Managed Care Definition and Explanation PDF Download

Learn Managed Care definition in hrm with explanation to study “What is Managed Care”. Study managed care explanation with HRM terms to review HRM course for online MBA programs.

Managed Care Definition:

  • Approaches that monitor and reduce medical costs through restrictions and market system alternatives.

    Human Resource Management by Robert L. Mathis, John H. Jackson



Managed Care Explanation:

Managed care is characterized as medical coverage that agreements with explicit social insurance suppliers so as to diminish the expenses of administrations to patients, who are known as individuals. Basically, the medical coverage organization and a supplier (doctor, nurture expert, doctor's right hand, specialist, authority, clinic, and so on.) make a lawful understanding or contract in which the supplier consents to offer explicit administrations at diminished expenses. Thus, the insurance agency consents to restrain their individuals' alternatives to the suppliers who marked contracts, driving individuals toward these suppliers.

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