Understanding MSOs

Understanding Management Service Organizations

 

What They Do

 
Here's a list of some of the areas in which an MSO can assist practices:
• Operational issues
• Financial management
• Human resources and personnel management
• Staff education and training
• Coding, billing and collection services
• Providing and managing office space
• Discounts and provision of EHRs and medical equipment
• Regulatory compliance oversight and management
• Credentialing and contract management
• Savings with group purchasing
• Risk management
 
 

The benefits To Practices

 
The primary advantage to joining an MSO is to have access to management services and to ensure best (lowest) pricing on supplies and services. MSOs aggregate volume and as such, obtain economies of scale that allows them to obtain preferred pricing on everything from medical supplies to healthcare insurance. Many provide billing services allowing practices to outsource that altogether, and some offer significantly discounted EHRs where all members utilize the same vendor or platform.