
Running a healthcare practice entirely on your own can be extremely burdensome. You may prefer to focus on patient care but feel strained by the administrative tasks that make up your daily workload.
Many medical practices have begun turning to management services organizations (MSOs) to take some of the load off their practice management. These entities centralize administrative and operational functions to support your practice’s efficiency and patient outcomes.
Learn more about MSOs, then explore Weave’s communication platform as an alternative approach to streamlining operations.
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Management services organizations are third-party entities that handle administrative services and practice management for healthcare providers. Outsourcing these tasks allows providers to focus entirely on patient care services.
MSOs may handle any of these non-clinical administrative services:
These entities also provide flexibility in the types of operations they handle. Your practice can pick and choose which services to delegate to the MSO while retaining in-house oversight of other services.
Running a modern healthcare practice requires attention to a range of operational tasks beyond patient care. With an MSO, you can better manage these services and spend more time on healthcare.
A recent shift toward value-based care, replacing the traditional fee-for-service model, has left many practices in the healthcare industry seeking ways to improve the patient experience. There has also been a trend toward population health management, which seeks to improve clinical outcomes at the community level rather than just the individual level.
These shifts require providers to spend ample time to spend on patient care. But the increasing complexity of healthcare operations means that running a practice is a balancing act that includes a range of non-clinical administrative functions.
MSOs help healthcare providers manage these operational tasks so they can better meet their healthcare goals.
MSOs partner with healthcare providers or health systems to provide centralized management of administrative and operational functions. The services they offer can be customized based on the organization’s needs.
MSO partnerships also follow specific governance structures to comply with strict corporate practice of medicine laws.
Management services organizations can provide administrative services such as billing, HR, IT support, and marketing for healthcare practices. The providers retain control of clinical services, while the MSO handles select non-clinical functions. This ultimately improves practice efficiency and gives providers more time to focus on patient care.
Corporate practice of medicine laws often require that healthcare practices be owned and operated by licensed medical professionals rather than corporate entities. As a result, ensuring the proper MSO structure is important for maintaining compliance.
When a healthcare practice partners with an MSO, the practice is usually divided into two distinct entities. The Professional Corporation (PC) is the clinical entity owned by licensed physicians. The Management Services Organization is the business entity that handles non-clinical functions.
MSO relationships are generally governed by management services agreements (MSAs), which set the terms and conditions of the partnership.
Partnering with an MSO offers several benefits for healthcare organizations:
This healthcare business model also presents a few challenges that you should consider for a balanced perspective:
Be sure to evaluate your infrastructure closely to determine whether the MSO model aligns with your goals.
You might consider partnering with an MSO if any of the following are true:
The right technology makes running a healthcare practice simpler, whether or not an MSO manages it. Practices that use integrated communication and workflow systems benefit from greater operational efficiency.
Your practice can look for tools that automate scheduling, reminders, payment processing, and review management to further reduce administrative workloads. These tools can also facilitate consistent communications to improve patient retention and satisfaction.
Centralized communication systems improve collaboration throughout your practice. When you rely on a single platform for phone calls, texting, emails, and scheduling, your practice can work more efficiently and avoid overlooking conversations.
Turning to systems with automation tools can improve patient communication by sending texts and emails at optimal times.
Weave’s all-in-one platform centralizes communication across teams and locations. Features include two-way texting, scheduling, reminders, payments, and more, all designed to improve patient satisfaction and operational efficiency. Our platform is scalable for MSO operations and multi-location practices, with flexible features to accommodate your facility’s needs.
Management services organizations improve scalability and efficiency in healthcare practices, allowing providers to focus on patient care. If you are looking for other ways to streamline administrative tasks, Weave can help. Request a demo to explore Weave’s capabilities for healthcare providers.
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