MSCI MSO is an organization through which independent practices come together as members to integrate various administrative services and provide them centrally. The MSO, organized under a single tax identification number (TIN), creates economies of scale with reduced administrative costs for members. Member practices outsource “tactical” services to the MSO such as revenue cycle management , electronic medical record (EMR) and billing technology and information technology support, health plan contracting, credentialing, outcomes and care management, professional development, compliance, patient registration/verification, group purchasing, financial management, and human resources functions. Practices can reduce their administrative costs and practice leadership can focus on strategic activities that improve patient care, build a stronger brand, develop relationships, and grow their business.
MSCI MSO v2.0 value proposition for physician practices is predicated by the following important questions that every small individual practice should consider: