It is under such circumstances that the role of a care-giver becomes all the more important. While on the one hand, the care-giver has to take care of the organizational goals and the profitability aspects, on the other hand the care-giver is supposed to provide the best care and guidance to the customer. Once, such arrangements takes cues from corporate management, the healthcare too becomes 'managed healthcare'. From the point of view of a consumer, the pros of such managed healthcare are;
v. At times, in situations like the consumer is on tour to place outside the native place, then the tie-up between caregiver companies helps the consumer in getting a good care from some affiliated company as well
i. The consumer gets tied up with a particular company for longer time and even if there are better alternatives, he/she cannot go for a change, because of the agreement between the consumer and the healthcare company
But entering into a managed healthcare plan with consumer also involves some risk for the company. For example, in these inflationary times, when costs are rising up, the company finds itself unable to charge higher prices, because of the agreement done with the consumer.
Some of the well known managed healthcare are plans are, Health Maintenance Organization (HMO); Preferred Provider Organizations (PPO) and Point-of-Service (POS) plans. These plans have evolved over the years and have taken care of some of the deficiencies that included in the traditional insurance covers. While the traditional insurance covers used to take care of limited aspects of the healthcare, the managed healthcare plans are comprehensive in nature and try to include some modern day health hazards like long sitting in front of the computer screen and its ergonomic impacts on our body parts.