All-inclusive rate

In a managed care contract, a flat fee charged daily by a facility (per diem rate) or for a total hospital stay. For submitting a Uniform Bill (UB-04) claim, revenue codes are 0100 (all-inclusive room and board plus ancillary) and 0101 (all-inclusive room and board). This is commonly billed by state psychiatric hospitals.

All-Risk Insurance

A term used to describe a policy which covers the Insured property against any fortuitous cause including acts of God (such as flood, cyclone, storm, earthquake), accident, disease, fire, theft and pilferages. It excludes those perils defined in the policy and inevitabilities such as wear and tear and depreciation. The term is misleading because no property policy is truly an all-risk coverage. There is a concerted effort to eliminate use of this term and to replace it with the term open peril coverage.

Alliance

1. Health insurance purchasing entity (public or private) that enrolls subscribers or members within a given region, collects premiums, enforces rules that manage health plans, and purchases subscribers’ or members’ insurance from participating health plans. 2. Organization or group of employers that pools resources to buy health care goods and services. Also known as a purchasing group . See consumer health alliances. 3. Formal, mutual arrangement of companies, providers, or institutions, established to further common goals.

Alliance of American Insurers (AAI)

An association of insurance companies working together in areas of common interests such as (1) Government affairs affecting insurance (02) education of the employees of member companies (03) loss prevention, and (04) other insurance activities.

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A group of insurers that work together in areas of common interest. For example, government affairs, education of employees, and loss prevention.