The Importance Of A Managed Care Contract With Managed Care

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In the world of the health care industry, health care providers have become progressively reliant on managed care contracts with managed care organizations to promote their facilities. A strong component needed for any managed care contract is the provider’s compensation for services. First, the contract should vividly discuss how and when the provider receives payment. Also, the provider should have a clear understanding of the managerial requirements for submitting claims and the timing of getting expenses. Furthermore, all arrangements with regards to the coordination of benefits and late payments must be carefully spelled out in the contract. Finally, since providers do not contact directly with the variety of customers and plans controlled

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