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

contribution margin

Health care; Managed care

Amount remaining aft er subtracting variable costs from revenues. It is the profit of each new medical service unit available to cover all health care costs.

paid claims

Health care; Managed care

Amounts paid to providers based on the health plan.

occurrence

Health care; Managed care

An accident or sickness that results in an insured loss.

inevitable accident

Health care; Managed care

An accident that can neither be foreseen nor prevented.

codicil

Health care; Managed care

An addendum or supplementary document making an addition to or change in a will. It is subject to the same legal formalities of execution (e.g., witnesses) as the will.

An additional agreement or rider broadening an insurance contract. A provision in certain health policies (usually group) to allow the insured to receive benefits for specific losses sustained aft er ...

bonus payment

Health care; Managed care

An additional amount paid by Medicare for services provided by physicians in health professional shortage areas. Varies with Medicare’s share of allowed charges.