Examlex
The measurement principle prescribes that accounting information is based on subjective opinion rather than cost.
Insurance Policy
A contract between an insurer and a policyholder that provides compensation for specified losses in exchange for premiums paid.
Capitation
The health care provider is paid a fixed amount per member per month for each patient who is a member of a particular insurance organization regardless of whether services were provided.
Precertification
Refers to obtaining plan approval for services prior to the patient receiving them; refers to seeking approval for a treatment (surgery, hospitalization, diagnostic test) under the patient’s insurance contract.
Specified Outpatient
Specified Outpatient refers to particular outpatient medical treatments or procedures that are predefined under a health plan or policy for coverage or reimbursement.
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