2 Terms
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Health insurance
Industry: Insurance
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Health insurance
capital conservation method
Health care; Managed care
A method of determining the amount of money needed to satisfy projected income needs that employs only the earnings on principal (not the principal itself) to satisfy those needs.
trend analysis
Health care; Managed care
A method of horizontal analysis in which potential line item changes are compared with a previous year.
agency system
Health care; Managed care
A method of marketing and selling health and life insurance. Entails sales and service by commissioned insurance agents, most oft en supervised by general agents or agency managers, in contrast to ...
cost-based system
Health care; Managed care
A method of medical payments that starts with the provider’s costs, as opposed to fees, as the starting point for reimbursement.
preauthorization
Health care; Managed care
A method of monitoring and controlling utilization by evaluating the need for medical service prior to it being performed.
prospective payment
Health care; Managed care
A method of paying health care providers in which rates are established in advance. Providers are paid these rates regardless of the costs they actually incur.
automatic payment plan
Health care; Managed care
A method of payment where a health insurance premium is deducted directly from an account at a financial institution on a monthly basis.
