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Risk corridor
A financial arrangement between a payer of health care services, such as a state Medicaid agency, and a provider, such as a managed care organisation that spreads the risk for providing health care services. Risk corridors protect the provider from excessive care costs for individual beneficiaries by instituting stop-loss protections and they protect the payer by limiting the profits that the provider may earn.
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- Part of Speech: noun
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- Industry/Domain: Health care
- Category: General
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