Concept of Managed Care

The concept of managed care in has been evolving since the early 1970s and has significantly impacted the delivery of health and medical care in the United States.

Write a paper of 1,500- to 1750-words addressing the following:

·         Define managed care and briefly describe the different types of managed care models.

·         Assess the economic impact of implementing managed care since the introduction of the 1973 Health Maintenance Organization Act.

·         Explain how consumer and provider incentives work to achieve cost reduction, improved resource allocation, and return on investment (ROI) in a managed care environment.

·         Discuss the rationale and potential implications and consequences of moving from a volume-based to value-based healthcare delivery system.