These services often include revenue cycle management, regulatory compliance, human resources management, marketing, facilities management, and more. Relying on MSAs for support of certain nonmedical functions allows providers to focus on the clinical components of care while helping the organization gain efficiencies and cut costs.
Third-party management companies can be beneficial when an entity lacks specific expertise. For example, if a health system wants to open a freestanding ambulatory surgery center (ASC) but has never managed one, an ASC MSO might be able to operate it more efficiently. Or if the organization that needs the management services is smaller and doesn’t need full-time expertise, utilizing an MSO can be an efficient way to obtain a portion of someone’s time.
Provider organizations may also receive administrative and management support from an affiliated organization, such as a health system or corporate partner. In these cases, it is common for the affiliate partner to allocate some or all of the expense related to the support.
Are you interested in learning how the management services you contract for, or receive through an affiliate, compare to those of your peers from both a service and cost standpoint?
Take the survey here
News From Our Partners
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
