The purpose of risk sharing with providers is: d. it makes providers cost conscious.
Risk sharing with providers is important because it makes providers cost conscious. By sharing risk with providers, providers are more likely to be aware of the costs of their services and to take measures to control those costs. This can help keep insurance premiums low and make healthcare more affordable for everyone.
The providers who participate in risk sharing are typically those who provide care for patients with chronic conditions or who are at risk for developing chronic conditions. By sharing risk with these providers, insurers can help to ensure that these providers are appropriately compensated for the care they provide. This can help to improve the quality of care for these patients and to prevent or delay the onset of chronic conditions.
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