Questions to mull on managed-care pacts.
While managed care may sound like old hat to seasoned hospital trustees, consultants recommend proceeding with caution when negotiating managed-care contracts. The problem is that many hospitals proceed on basis of price alone without knowing the actual costs of servicing such agreements. Two executives from Ernst & Young offer some questions to ask during the negotiations.
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D003284:Contract Services / Q000458:organization & administration; D003657:Decision Making; D005377:Financial Management, Hospital / Q000592:standards*; D008329:Managed Care Programs / Q000458:organization & administration* / Q000592:standards; D009936:Organizational Innovation; D015397:Program Evaluation; D014481:United States