Word: hmos
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Dates: during 1990-1999
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Like most HMOs, HCHP requires its members to see doctors who belong to the plan. And switching plans may mean switching doctors...
...greatest danger to the teaching hospitals are health maintenance organizations (HMOs), groups of physicians who combine their services under one plan to lower their costs to customers...
...HMOs have increasingly penetrated the health care market in the last few years, teaching hospitals have initiated cost-cutting programs to consolidate administrative services and improve efficiency...
Although these affiliations seem encouraging, teaching hospitals may find it more difficult to eventually link up with HMOs, which are generally unwilling to pay for the higher priced services of teaching hospitals...
...news has been the rush by drug manufacturers to acquire large distribution networks that keep medicine prices down by buying in bulk. Last month Eli Lilly agreed to pay $4 billion for McKesson's PCS Health Systems, which provides drugs at deeply discounted prices to HMOS and insurance plans. The move followed Merck's 1993 acquisition of Medco, another national outlet. Such mergers worry some health-care experts. "Why would hospitals now want to deal with Medco?" asks Alan Shapiro, a finance professor at the University of Southern California business school. "Hospitals and HMOS dealt with it in the past...