Which of the following best defines 'Managed Care Entity'?

The definition of 'Managed Care Entity' is best captured by the description of an organization that manages healthcare services and costs. Managed Care Entities play a crucial role in coordinating patient care and ensuring that healthcare costs are kept within a controlled range. They aim to improve the quality of care while reducing unnecessary healthcare spending, thus promoting efficiency and cost-effectiveness in the healthcare system.

Managed Care Entities achieve this by developing networks of healthcare providers, creating payment structures that incentivize certain behaviors, and implementing care management protocols. This central focus on managing both the healthcare delivery process and the associated costs sets Managed Care Entities apart from other options listed, such as facilities that provide direct care or insurance programs that primarily focus on covering health benefits without the same level of management over service delivery.