29 Terms
Home > Industry/Domain > Health care > 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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Managed care
shadow prices
Health care; Managed care
Imputed or estimated health insurance costs not valued accurately in the marketplace. Shadow prices also are used when market prices are inappropriate because of regulation or externalities.
prospective future service benefit
Health care; Managed care
In a pension plan, that portion of a participant’s retirement benefit relating to his or her period of credited service to be rendered aft er a specified current date.
stockholders’ equity
Health care; Managed care
In a stock insurance company selling participating life insurance, the sum of the net worth accounts allocated to the nonparticipating stockholders’ branch.
single payer
Health care; Managed care
In an attempt to provide universal coverage to all residents of a state or country, the state (or country) becomes the single payer for all health care bills.
covered expenses
Health care; Managed care
In an insurance contract, those costs for which benefits are payable or which may be applied against a deductible amount. For example, under a medical expense contract, those expenses, such as ...
open-end question
Health care; Managed care
In an insurance sales interview, a question that elicits an opinion from the prospect or that requires more than a simple yes or no response.
intermediate notice
Health care; Managed care
In disability insurance, a report, required by many insurance companies, informing the company regarding the progress of a continuing disability. Also called second preliminary notice.
