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During the implementation phase of the systems development life cycle (SDLC) ,in _____ conversion,the old and new systems run simultaneously for a short time to ensure the new system works correctly.
Actuarial Risk Rating
The process of evaluating and categorizing the potential risk of individuals or entities, often used in insurance to determine premiums.
Retrospective Reimbursement
A payment model where healthcare providers are paid after services are delivered, based on the costs of the provided services.
Fee-For-Service
A payment model where services are unbundled and paid for separately, often seen in healthcare settings.
Cost-Efficient
Economically advantageous, achieving the best possible outcome or value with the least waste of resources or effort.
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