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By selecting standard-ized outcomes metrics, health care systems can compare outcomes and variations in medical practice within a hospital or across provider networks regionally, nationally, and internationally. With standardized metrics, providers have a broader base for identifying best practices.
Learn the meaning of common insurance terms and phrases with the NAIC’s consumer glossary.
- Absolute Liability. Liability for damages even though fault or negligence cannot be proven. Certain situations create absolute liability for the manufacturer a product or the provider of a service.
- Accident. An event or occurrence which is unforeseen and unintended. Accidental is an important concept of risk for insurance. The more unlikely the accident or the occurrence, the less expensive it is to insure.
- Accident and Health Insurance. A type of coverage that pays benefits, when an accident occurrs or a medical problem arrises, sometimes including reimbursement for loss of income, in case of sickness, accidental injury, or accidental death.
- Accident Insurance. A form of health insurance against loss by accidental bodily injury.
Before You Begin. Kaplan financial education’s seventh edition of The Glossary of Insurance Terms is a completely new volume. It covers many areas of the insurance business and also includes a variety of noninsurance terms that are related to insurance in some manner.
What is a Plan of Correction? Alliance Health BH I/DD Tailored Plan/PIHP Provider Manual: “Plan of Correction/Corrective Action Plan: This is a written document developed by the provider that specifies how the provider will address each out-of-compliance finding, violation or deficiency identified by Alliance.
View common health insurance terms and definitions so you can make smart decisions that will benefit you and your family, today and for years to come.
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The corrective action process is a fundamental process that affects all of the control points in a company’s management system. Auditors tend to look deeply into companies’ corrective action processes during investigations. Key questions typically asked include: • Are corrective actions followed-up in a timely fashion?
