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Accreditation-
The assignment of credentials; approval given for meeting established standards.
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Annuity-
A sum of money to be received yearly, either in a lump sum or by installments.
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Capitation-
A structure of payment based on the number served.
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Comprehensive-
Covering all areas; inclusive.
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Connotations-
Something implied or suggested.
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Deductible-
An amount to be paid before insurance will pay.
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Health Maintenance Organization (HMO) –
A type of managed care operation that is typically set up as a for-profit corporation with salaried employees.
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Health Reimbursement Arrangement (HRA) –
An account with employer contributions used to pay for medical expenses.
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Health Savings Account (HSA) –
A tax-sheltered savings account, with contributions from the employer and employee, which can be used to pay for medical expenses.
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Indemnity-
To compensate for damage done or loss caused.
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Medicaid-
A government health care program.
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Medicare-
A federal health program for paying certain medical expenses of the aged.
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Medigap-
Refers to situations not covered by Medicare insurance.
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Periodic-
Occurring, appearing, or done again and again, at regular intervals.
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Preauthorization-
Prior approval of insurance coverage and necessity of procedure.
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Preferred Provider Organization (PPO) –
An organization of physicians who network together to offer discounts to purchasers of health care insurance.
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Premium-
The amount paid or payable (for example, an insurance policy premium).
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Quality Assurance-
Inclusive policies, procedures, and practices as standards for reliable laboratory results that includes documentation, calibration, and maintenance of all equipment, quality control, proficiency testing, and training.
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Restricted-
Limited; only for a certain group.
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Statutory-
Legally enacted; deriving authority from law.
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Supplement-
Something added; and additional or extra section.
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Utilization-
To put to profitable use.
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