Practice Question
How did managed care organizations (MCOs) garner enormous buying power?
Answer Choices:
Correct Answer:
By integration of several organizations under the same ownership or contractual arrangements
Rationale:
🏢 Managed care organizations (MCOs) garnered enormous buying power by integrating multiple healthcare organizations under one umbrella or forming contractual arrangements. 🏢This allows MCOs to negotiate better rates and services with healthcare providers and pharmaceutical companies due to the larger volume of services they can offer, increasing their influence in the market.
🏢 The integration of hospitals, physician groups, and other healthcare services under MCOs allows them to centralize and control costs, while also streamlining operations across various levels of care.
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This question is from RN Community Health Policy Exam which contains 51 questions.
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Question Details
- Category: RN Nursing Exam(s)
- Subcategory: ATI Exam(s)
- Domain: RN ATI Community Health
- Answer Choices: 4