managed care

noun

a healthcare plan or system that seeks to control medical costs by contracting with a network of providers.

Origin of managed care

1985–90

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Taxes on pharma and medical devices would remain, while managed-care and hospital companies would suffer big losses.
How the Supreme Court’s Health-Care Ruling Will Move the Markets
Alex Klein
June 21, 2012

managed care in Medicine

(măn′ĭjd)

Any arrangement for health care in which an organization, such as an HMO, another type of doctor-hospital network, or an insurance company, acts as intermediate between the person seeking care and the physician.