BHS450 Health Care Delivery SystemsStudent's NameInstitutionCourseDate
BHS450 Health Care Delivery SystemsManaged CareManaged care is an extensive and intricate subject. Managed care is also used to refer to the management of patient care agencies and procedures that are frequently employed and used to minimize costs and increase the quality of patient health care.Conferring to the United States Medicaid Federal Insurance Program, managed care is a health care system whose fundamental aim is to monitor utilization, upsurge quality, and reduce cost (Medicaid, 2016). Additionally, managed care is utilized in controlling healthcare-associated services by curbing patients to hospitals, specialists, as well as physicians who are in their network or covered by their specific worker. Managed care organizations and mechanisms are utilized to promote prevention, manage utilization, educate patients, and promote wellness and health (Speights, 2015). Brief HistoryA health cooperative for farmers living in a small district was founded and established in 1929 by an Oklahoma medical doctor known as Michael Shadid. Dr. Shadid sold shares and raised money, which he utilized to create a health care facility thatcatered for the residents and other people in the region. Dr. Shadid established a yearly fee program, which was utilized to healthcare-associated costs that patients accrued. Moreover, by 1934, more than five hundred and fifty families were partakers and supported Dr. Shadid and other workers. In a similar year, two doctors Donald Ross and Clifford Loos signed off on a pact where they decided to offer healthcare services to morethan 1,800 workers of a local water organization situated in Los Angeles.