Frequently Asked Questions regarding Health Management Services Organizations:
What is a Management Services Organization (MSO)?
1. For those who are not familiar with the term, can you please define what exactly a Management Services Organization is?
2. What is the scope of services generally offered through a MSO?
3. What are the primary reasons a medical practice would utilize a MSO such as Pavilion Services? (To Increase revenue and decrease expenses)
4. What are the benefits to the client when they outsource medical practice business functions?
5. How does a physician practice or organization engage your services?
6. What costs/ fees are associated with utilizing your services?
7. Are your services centered upon a contractual time frame or project based?
8. How do you advocate utilizing an MSO for a small practice that may have limited staff resources to dedicate to central business office functions?
A healthcare Management Services Organization MSO is an organization owned by a group of physicians, a physician hospital joint venture, or investors in conjunction with physicians.
MSOs generally provide practice management and administrative support services to individual physicians and group practices. One purpose of MSOs is to relieve physicians of non-medical business functions so that they can concentrate on the clinical aspects of their practice.
They can generally achieve economies of scale because MSOs purchase their services as a group instead of individually. These cost savings may be passed on to physicians, who may use this cost advantage when negotiating with health plans and healthcare purchasers.
In other cases, MSOs purchase the tangible assets, such as buildings, equipment, and supplies, of their client physicians and lease these assets back to the physicians. In these situations, the physicians continue to own their own medical records and health plan contracts and continue to practice in their own offices.
MSOs have been able to develop discounted outsourced billing, malpractice discounts, discounted equipment leasing, shared staffing and benefits, and EMR. In recent situations we have seen the core MSO operate as a "group practice without walls". The advantage is to develop clinical guidelines and care standards for the practices, thereby meeting clinical integration definitions, and also being able to harvest a shares savings relationship with third party payers, including insurance companies and employers
Reimbursement Management Services ST Louis MO
Further reading; http://en.wikipedia.org/wiki/Management_services_organization
