Financial Effect of Utilization Management
Amount, $ Total cost of requests 610 456 Cost saved (a) 118 952 Total spent 491 504 Average savings/test request 463 (a) Cost saved is 19% of total cost of requests.
Our review process starts with the clinical utilization management
director reviewing outlier cases and providing feedback to the clinical supervisors overseeing these cases.
For example, managed care organizations may use financial incentives, such as capitated payments to providers, to shift the risk and benefit of utilization management
, cost containment, managed care, hospitalization utilization, quality of care Health plans and insurers commonly manage hospital care by prospectively reviewing requests for admission and initially approving a specified number of days when inpatient care is considered appropriate.
While a significantly higher figure may not mean inappropriate utilization, this possibility at least should be discussed with the client's insurance carrier or utilization management
Once an employer has created a workers' compensation network, it should ensure that the system is monitored by a utilization management
Reports by UM companies suggest that patients are generally satisfied (Institute of Medicare Committee on Utilization Management
by Third Parties, 1989).
Based on evidence-based drug information, published guidelines, consensus statements and standards of medical practice, the CVS Caremark Utilization Management
Programme is designed for the appropriate and effective use of medications, identify optimal drug use as well as promote cost-effective drug benefit plan designs for its clients.
Costs to providers to administer payer processes, such as utilization management
, have been estimated at $31 billion annually.
Automated coverage-determination processes can provide more accurate product selection and reduce variability in the operations of pharmaceutical utilization management
"Earlier this year, after an exhaustive review, the American Accreditation HealthCare Commission/URAC awarded Independence Blue Cross a certificate of accreditation for its utilization management
program, which includes utilization management
for chiropractic services," Independence spokesman Chris Rathke said in a statement.
* What utilization management
approaches have evolved over time?