Third-party payers include private insurers, such as Blue Cross and Blue Shield, and public (government) insurers, such as Medicare and Medicaid
Step-by-step explanation:
Managed care organizations (MCOs) strive to combine the provision of healthcare services and the insurance function into a single entity.
Typically, MCOs are created by insurers that either directly own a provider network or create one through contractual arrangements with independent providers. Occasionally, however, MCOs are created by integrated delivery systems that establish their own insurance companies.
Health maintenance organizations (HMOs) tend to exercise the most control over the types and amount of care provided, while preferred provider organizations (PPOs) tend to be less controlling.