Download Free Medical Managed Care Models: The Benefit vs. Cost Balance PowerPoint Presentation

Managed Care Models: The Benefit vs. Cost Balance PowerPoint Presentation

DOWNLOAD MEDICAL POWERPOINT PRESENTATION

About This Presentation

Description : This presentation on Managed Care Models was created by the School of Pharmacy Relations Committee for AMCP. This presentation tries to identify the types of managed care models, discuss differences between model types, differentiate the level of control and cost per model and explain the concept of pharmacy networks.

Tags : Managed Care Pharmacy, healthcare, Academy of Managed Care Pharmacy, pharmacists, Managed Care Organizations, Student Pharmacist, managed care models

Published on : Jul 01, 2020 | Views : 1647 | Downloads : 0

Shareable Url :

Embed Code :

Comment

Transcript

Slide 1-

Managed Care Models: The Benefit vs. Cost Balance Created by the School of Pharmacy Relations Committee for AMCP Updated: March 2020
Slide 2-

Medicare – The Basics Federal health insurance program administered by the Centers for Medicare & Medicaid Services (CMS) Program covers individuals: 65 years of age and older Under age 65 with qualifying disabilities Under age 65 with end stage renal disease (ESRD)
Slide 3-

ppt slide no 3 content not found
Slide 4-

Objectives Identify the types of managed care models Discuss differences between model types Differentiate the level of control and cost per model Explain the concept of pharmacy networks
Slide 5-

Managed Care Model Types Health maintenance organization (HMO) Preferred provider organization (PPO) Point-of-service plan (POS) High-deductible Health Plans (HDHPs)
Slide 6-

6
Slide 7-

Characteristics of HMOs “Gatekeeper” principle Primary care provider (PCP) serves as a gatekeeper and must authorize all medical services Services not authorized by the PCP usually not covered Rationale for gatekeeper is to avoid unnecessary expenses Preferred networks Plans will only pay for services provided by healthcare providers that they have contracted with “In-Network” providers Plans will not pay for “Out-of-Network” providers Less choice, but lower premiums 7
Slide 8-

Characteristics of PPOs No gatekeeper Patients can choose their own providers without having to use a designated PCP Preferred networks with some out-of-network coverage Patient can see any healthcare practitioner they want, but they are financially incentivized to see in-network providers E.g., Patient pays 10% to see in-network vs. 50% to see out-of-network More choice, but higher premiums 8
Slide 9-

Characteristics of POSs Hybrid of PPO and HMO Patients can choose their provider HMO rates for preferred provider (e.g., gatekeeper PCP) Costs of out-of-network services determined by providers (NOT contracted rates with health plans) Providers can collect charges not paid for by the insurance company
Slide 10-

Characteristics of Other Models Table © Steven Kheloussi
Slide 11-

Characteristics of HDHPs High-Deductible Health Plans (HDHPs): Low premiums High deductibles (usually several thousands of $) Typically paired with a PPO All PPO features apply, except that the patient is responsible for a larger portion of the cost upfront
Slide 12-

Employer Decision: Benefit Controls vs. Cost Few Benefit Controls Higher Cost Lower Cost Highly Controlled Benefits
Slide 13-

Benefit Control vs. Cost Managed Indemnity Service Plans PPOs POSs HMOs LESS control of medical cost and quality MORE control of medical cost and quality
Slide 14-

Pharmacy Networks Just like with providers, narrow pharmacy networks help control cost Pharmacies reimbursed less in exchange for more business Smaller number of pharmacies for patients to go to Three types of pharmacy networks Preferred pharmacy networks Limited pharmacy networks Neither
Slide 15-

Summary There are many different types of managed care models. Each model offers a choice to employers who buy these services. Employers must balance employee choice with cost when choosing. Plan types are just one way of controlling cost.
Slide 16-

Thank you to AMCP member Steven Kheloussi for updating this presentation for 2020
Slide 17-

To improve patient health by ensuring access to high-quality, cost-effective medications and other therapies. Mission & Vision

User Presentation
Related Presentations

Rare Diseases and the Orphan Drug Act in the US

By: MattB
Views: 2781

EvaluatePharma pharmaceutical industry world review 2019 and outlook 2024

By: MattB
Views: 1858

Pharmacist Opportunities Within a Pharmacy Benefit Manager

By: MattB
Views: 1739

United Nations Office on Drugs and Crime (UNODC) World Drug Report 2020 - Booklet 4.1

By: MattB
Views: 2367

EvaluatePharma Orphan Drug Report 2020

By: MattB
Views: 1820

ADVERSE DRUG REACTIONS

By: JenniferDwayne
Views: 2643

Radiopharmaceuticals And Methods of Radiolabeling

By: KhushbuSG
Views: 1845

Why do we need Pharmacovigilance

By: JenniferDwayne
Views: 2236

REVIVING THE PHARMA ANCILLARY INDUSTRY

By: KhushbuSG
Views: 1824

Quality Issues For Clinical Trial Materials

By: FrankMarco
Views: 1427

MattB

About : An experienced pharma professional managing sales, marketing and brand management of top global pharma products Presently leading a team of experts in the development and execution of pharma eCommerce strategies that support GSK products to HCP customers.
Occupation : Medical Professional
Specialty : Other Health Professionals
Country : United States of America
Website :

HEALTH A TO Z