Managed care in workers' compensation: analysis of cost drivers and vendor selection.
1. Managed care for employee benefits provides a model of cost containment for workers' compensation; however, significant differences must be understood. 2. Purchasers of managed care services must perform an internal assessment to determine the cost drivers for workers' compensation. Managed care does not address all cost drivers. 3. A model for evaluating managed care vendors places them on a continuum of risk, similar to insurance risk, where a variety of cost containment strategies may be used together. 4. By reviewing seven key aspects of a managed care vendor, a purchaser can rate the vendor's ability to meet their needs.
Daiker
B
B
D003284:Contract Services; D003363:Cost Control; D003362:Cost-Benefit Analysis; D006801:Humans; D008329:Managed Care Programs / Q000458:organization & administration*; D014942:Workers' Compensation