Cost Containment

Cost Containment Student’s Name Professor’s Name Institutional Affiliations Course Name and Number Due Date Cost Containment The healthcare system in the United States has been researching diverse ways of curbing the drastically increasing cost of services in its facilities. Policies such as Medicaid have presented progressive approaches that include managed care specially designed to improve the American healthcare system, focusing on cost and quality facets. Montoya et al. (2020) indicate that managed care emerges as a progressive health financing approach emphasizing wellness by promoting health-seeking behavior through desirable payment plans. Thus, it has significantly transformed the sector by controlling rising care costs while boosting the quality of services. Healthcare facilities’ abandoning the fee-for-service (FFS) and embracing managed care strategies of payments has enabled these models to cover all Americans irrespective of their economic status. Montoya et al. (2020) report...