How is 'Managed Care Organization' best defined?

A Managed Care Organization (MCO) is best defined as a group that manages healthcare services. This definition captures the essence of MCOs, which are designed to integrate the delivery of healthcare services with an emphasis on quality and cost efficiency. MCOs negotiate contracts with healthcare providers and aim to provide comprehensive care while controlling costs by coordinating treatment and minimizing unnecessary services.

This approach often involves networks of doctors, hospitals, and specialists who work together to ensure that patients receive necessary care while also managing healthcare resources effectively. By focusing on a comprehensive healthcare system, MCOs strive to enhance patient outcomes while also being mindful of the financial aspects of care delivery.