Examlex
The choice between a differentiation and a low-cost strategy is the critical determinant of success in mature markets.
High Premiums
A term related to insurance indicating a higher cost for coverage, usually due to perceived increased risk or higher value of what's being insured.
Third-Party Payer
An entity (other than the patient or healthcare provider) responsible for paying for health care services, often an insurance company or government program.
Insurance Company
An organization that provides financial protection and compensation for specified losses in exchange for premiums.
Patient Status
The current condition or state of a patient, including health status, and whether they are admitted, discharged, or under observation.
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