More and more, healthcare providers are taking responsibility for the entire path of care for a patient. They are in need of a system to organize all the details in such a way that they are easy to access and potential issues can be flagged more easily.
In order to manage the increase in data as well as the multiple users that will need to utilize and access this information, a management system organization, or MSO, can be created.
Learn more about what an MSO is and how it can serve your business below.
What Is an MSO in Healthcare?
A management system organization, or MSO, is an administrative tool that allows for greater oversight and management of patient information and other related healthcare data that is unique to a specific medical organization.
Each MSO will be different in structure depending on the needs of the healthcare entity making use of the management tool. In order to create the MSO, it is important to start with a full assessment of the organization.
A number of factors will be taken into consideration, including the following:
- The existing infrastructure, if there is any
- Needs of the market
- Current vendor contracts, if applicable
- Current management needs
- Systems and services provided
If there are any other unique offerings or issues that must be taken into account, those will be included in the assessment process in order to design a MSO that is right for the company.
Why Is an MSO in Healthcare Valuable?
There are a number of benefits to implementing an MSO in your healthcare business, including these:
- Decreased risk: With multiple people accessing healthcare information, payment information, contracts, and more, an MSO can cut down on risk and centralize access so it is clear who accessed what and when.
- Centralization of information: When different departments each work within a unique system, efforts can be duplicated and information can be missed. It can also create a lot of unnecessary work. All this is eliminated with an MSO.
- Opportunities for expansion: If your organization has been considering working with more healthcare plans or expanding their provider network, an MSO sets you up for success in managing the increase in information and makes it easier to manage.
- Multi-payor capabilities: It is normal for a competitive healthcare business to work within a multi-payor system. An MSO can make that manageable and even provide the ability to incorporate more payor systems as needed.
What Should an MSO Include?
Of course, every MSO will be different when it comes to the details, but in general, an MSO should include processes for managing the following:
- Networks
- Finances
- Provider member services
- Clinical guidelines and programs
- Program delivery
- Clinical operations
- Data acquisitions
- Analytics
- Care management workflow
Get Support From Florida Healthcare Law Firm
There may be some legal considerations when it comes to setting up an MSO. A law firm dedicated to medical law can help to make sure no details are overlooked in this process. Contact Florida Healthcare Law Firm today to get assistance.