26 Terms
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Health insurance
Industry: Insurance
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Health insurance
net interest cost (NIC)
Health care; Managed care
A common method of computing the interest expense to the issuer of issuing hospital revenue bonds, which usually serves as the basis of award in a competitive sale. NIC takes into account any premium ...
per thousand members per year (PTMPY)
Health care; Managed care
A common way of reporting utilization. The most common example of hospital utilization, expressed as days PTMPY.
ownership of expirations
Health care; Managed care
A company agreement, ordinarily found in the life and health fields, stating that certain details of a policy (such as expiration) will not be revealed to any other agent or broker except the ...
domestic company
Health care; Managed care
A company is a domestic company in the state or province in which it is incorporated or chartered.
nonadmitted company
Health care; Managed care
A company not licensed to do business in a particular state. Also called an unauthorized company.
decline
Health care; Managed care
A company refuses to accept the request for health insurance coverage.
intermediary
Health care; Managed care
A company that pays some expenses of Medicare Part A and Medicare Part B bills.
