Managed care

Managed care

A health care practice intended to streamline services and provide high quality, cost-effective care.

Industry: Health care

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Contributors in Managed care

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Managed care

group practice without walls (GPWW)

Health care; Managed care

A legal entity formed by a network of physicians who maintain their individual practices.

waive

Health care; Managed care

A legal term meaning to surrender a right or privilege.

fair market value

Health care; Managed care

A legal term variously interpreted by the courts, but generally meaning the price at which a willing buyer will buy and a willing seller will sell an asset.

grandfather clause

Health care; Managed care

A legal theory or contract clause that allows continued coverage aft er a contract for health, managed care, or other insurance has changed, based on the original agreement.

multiple employer trust (MET)

Health care; Managed care

A legal trust established by a plan sponsor that brings together a number of small, unrelated employers for the purpose of providing group medical coverage on an insured or self-funded basis.

letter of support

Health care; Managed care

A letter from the federal project officer justifying the need for Centers for Medicare and Medicaid data and supporting the requestor’s use of such data.