One of the most interesting symbiotic relationships in healthcare and healthcare solutions is the one between physicians and hospitals. Hospitals need physicians, but not all physicians need to work in hospitals in the coordination of care. With so many factors needed to make a harmonious relationship work, the Physician-Hospital Organizations (PHOs) arose to jointly contract with managed care organizations.
The current pandemic situation has seen a rise in the critical value of integrating essential physicians into PHOs using healthcare solutions. With so many variables in the treatment of individual complicated cases, organizations are quickly strategizing to incorporate medical healthcare experts into their fold to ensure, or even gain, their lead in providing exceptional handling of patients.
Before managed care, indemnity insurance paid any hospital or physician chosen by a patient on a cost-plus or a fee-for-service basis. Managed care changed the ways of contracting and reimbursing hospital services through selective agreements to negotiate lower hospital prices, shift payment risks to hospitals, and form provider networks that appeal to their enrollees.
PHOs were formed as a response to managed care system. This powerful alliance increased the efficiency and quality of the services provided by physicians and hospitals. At the same time, both parties enjoyed the financial benefits gained from the higher productivity of their mutually beneficial relationship.
Technology has provided leaps and bounds when it comes to healthcare solutions and services. For a while, it afforded an equal standing ground for many healthcare providers and Physician-Hospital Organizations. As technology continues to evolve, more software companies have faltered rather than risen to the challenge of delivering quality healthcare solutions and services. In an increasingly competitive arena, information technology and how it is wielded is the secret weapon of any visionary PHO company.
While technology is equitable, its use is not. Many software companies have tried to utilize modern technology by offering a multitude of healthcare solutions to ease the ever-increasing demand of the healthcare businesses, such as the PHOs, and some software companies have managed to come out ahead of their competitors.
What are the factors that led these software companies to advance their game in the coordination of care?
QuickCap: Simple and Effortless Healthcare Solution
The incremental demand for quality healthcare also means an increased demand for quality systems and quality healthcare solutions. An exceptionally efficient healthcare system frees up administrative and procedural time for many Physician-Hospital Organizations. PHOs with more time can focus more on the important aspects of their organization, thereby increasing their efficiency, productivity, and profitability.
One of the most important aspects of having a good healthcare solutions system is the ease of healthcare solutions integration and system implementation. Since QuickCap is fully customizable, various functionalities can be maximized to their fullest potential to ensure it fully serves the specific needs of the PHOs in the coordination of care.
Some functions include:
Physician Integration: Convenient Credentialing
QuickCap is a highly comprehensive, powerful, and fully customizable healthcare solutions system that reduces the need for supplementary solutions and the increased security risk exposure that supplementary solutions entail. Being adaptable and easily modified, QuickCap can be tailored to suit many different PHOs and their specific needs.
As most healthcare organizations know, time is always of the essence. This is even more apparent during health crises when resources are scarce and demand is exponential. Constant changes to the healthcare industry mean ongoing tweaks to the healthcare solutions system for many Physician-Hospital Organizations’ needs. Strategic use of reliable, extensive, and effective means becomes even more of the utmost importance to boost the gainful potential of PHOs. QuickCap is rapidly filling the gap as the definitive tool in ensuring a marked increase in efficiency, productivity, and profitability for leading PHOs through its easy, user-friendly interface.
Click here to learn all about QuickCap’s intuitive all-in-one management software for your organization’s benefits administration and find out how QuickCap enhances the business operations of many Physician-Hospital Organizations in their coordination of care.
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