CAPITATION PAYMENTS
Agreed payment in a capitation contract between a health insurance firm and a medical provider. It is a fixed, pre-arranged monthly payment a physician received, clinic, or hospital per patient engaged in a health plan. Monthly payment is computed one year in advanced and remains fixed for the given year, regardless of the services the patient avails and the frequency of its usage.
POPULAR TERMS
Affirmative Covenant
A kind of contract or promise that requires a party to conduct some action. For example, a bond covenant which provides that the issuer must delive ...
Pure Risk
A risk where loss is the only potential outcome; there is no positive result. A pure risk is related to events that are out of control of the risk- ...
Efficiency
Performance level describing a process which uses the lowest amount of inputs to come up with the greatest amount of inputs. It is relative to usin ...
Tax Free
Goods and/or financial products that are not taxable. Having the tax free status allows an entity to save money and encourages additional spending ...
Reprice
A situation that is most often allowed for company executives or high-level employees. It permits them to trade in their options that out of the mo ...
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