The full form of MCO is Managed care organization

If you have a health plan, chances are you have a managed care plan. The term “managed care” is used to describe a type of health care focused on helping to reduce costs, while keeping quality of care high.

The most common health plans available today often include features of managed care. These include provider networks, provider oversight, prescription drug tiers, and more. These are designed to manage costs for everyone without sacrificing quality care.

A managed care organization or MCO is a health care company or a health plan that is focused on managed care as a model to limit costs, while keeping quality of care high.

A good example of a managed care plan is an HMO (Health Maintenance Organization). HMOs closely manage your care. Your cost is lowest with an HMO. You are limited to seeing providers in a small local network, which also helps keep costs low. You are also required to have a Primary Care Provider (PCP) who coordinates all your care.  There are a few other common health plans that fall into this category, as well.