Biomedical subjects
Publications and source records attributed to D C Weissman.
Physicians and hospitals are rapidly organizing integrated systems to compete more successfully in the new health care business arena. The preferred parent structure has been the management services organization (MSO). Notable factors have produced significant progress or pitfalls. Success is driven by the thoughtfulness of planning, the depth of management, and the quality of care.
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The face of health care is changing daily because of pressures brought about by dissatisfied consumers, physicians, and employers. We believe that physicians need to take back from insurers the administration of the medical profession. Physicians must assume the financial risks necessary to create a medical system that will benefit themselves, their patients, and their patient's employers. This article presents the basic business concepts needed to establish Provider Service Organizations (PSOs) as well as the benefits and pitfalls of the various types of associations into which a PSO can enter. Clearly, the future belongs to those physicians who have the foresight to invest their talents and their finances in the business aspects of managed care.