20 Terms
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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
cancellation provision
Health care; Managed care
A provision in a health policy that allows the insurance company to cancel the contract at any time, providing the insured is notified in writing.
double indemnity
Health care; Managed care
A provision in a life or health insurance policy, subject to specified conditions and exclusions, under which double the face amount of the policy is payable if the insured dies as a result of an ...
nurse fees
Health care; Managed care
A provision in a medical expense reimbursement policy calling for reimbursement for the fees of nurses other than those employed by the hospital.
exclusion
Health care; Managed care
A provision in an insurance policy excluding certain risks or otherwise limiting the scope of coverage. Certain causes and conditions listed in the policy that are not covered.
disability provision
Health care; Managed care
A provision in an insurance policy that explains the term and benefits provided in the event the insured becomes disabled and defines what is meant by disability.
deductible coverage clause
Health care; Managed care
A provision in an insurance policy that states that, in return for a reduced rate, the insured will assume losses below a specified amount. In a health insurance policy, for example, that portion of ...
junk bond
Health care; Managed care
A speculative security with a rating of BB or lower. Sometimes called a high yield security.
