Thank you for continuing to follow our series, A Management Service Organization Provides Medical Professionals with a Unified Collaboration Approach to Achieving Success. In the past several weeks, you have learned many important facts pertaining to the collaboration efforts and benefits of a MSO. Examples include the ability to provide patients with value-based care, cost reductions, and the strength behind numbers. This week, you will learn the various advantages associated with a Management Service Organization. If you are ready to step away from volume and directly into value, continue reading.
Member Practices
One of the main reasons why member practices elect to take part in a MSO is to enjoy the numerous potential advantages of doing so:
- If you include your practice in a MSO, you could experience contracting of health plans – including arrangements pertaining to risks.
- A MSO will allow you to have access to a centralized billing system, as well as A/R Management.
- Technologically advanced billing and EMR systems could provide your practice with an edge.
- Your practice could experience high credentialing, as well as ensured compliance.
- MSOs provide organizational practices with comprehensive outcomes training and management direction.
- Each practice that is part of a MSO has access to programs that ensure professional development – including leadership advancement.
- The models that are used by MSOs are considered to be collaborative and patient-centered. This is highly advantageous to all practices that are part of the collaboration organization.
- Your practice will have access to local-based management practices and leadership personnel.
- One of the main benefits associated with taking part in a MSO is the fact that you will get to work with teams that desire to collaborate on the same aspects of care that your facility is focusing on.
MSOs Provide Practices with Tools for Success
In addition to the previously-mentioned benefits associated with Management Service Organizations, it has been determined that MSOs provide practices with many tools for success. The top-rated tools include the following:
- Medical practices will have broad access to other medical practices. That is, a MSO provides a comprehensive network of independent-based therapy clinics so that patients have quick and extremely convenient access to the care that they need, when they need it the most.
- The processes in a Management Service Organization are considered to be simple and consistent. This is to ensure that costs are drastically reduced as it pertains to contracting, management, and other processes that are similar in nature.
- The risk outcomes, costs, and the overall outcomes are considered to be predictable in a MSO.
- Care management is effectively managed and utilized when it comes to implementation and cost.
- The risk of a Management Service Organization is shared. All care that is provided is considered to be value-based. The MSO has many risk sharing models that are in place.
If you have an interest in joining a MSO, the time is now. Simply visit us today for more information: https://coloradophysicaltherapynetwork.com/
