Fixed percentage of the collected premium rate that is paid to the hospital to cover services.
Insurance Encyclopedia
Percentage participation
See: coinsurance.
Percentage participation (Health Insurance)
A provision stating that the insurer and the insured will pay specified portions of any losses, which they have agreed to in the contract.
Percentage Participation Clause
In health insurance a provision that requires the insured to bear a percentage of expenses in excess of the deductible. See Also: “Coinsurance.”
Percentage test (Pensions)
A test used to establish whether a qualified plan will benefit 70 percent of the employees on the lower end of the pay scale.
Percentage-of-Value Deductible
Deductible, applicable to each loss, which is expressed as a specified percentage of the total value of the insured property (not just the amount of Insurance) at the time of the loss.
Percentile
Number that corresponds to one of the equal divisions of the range of a variable in a given sample and that characterizes a value of the variable as not exceeded by a specified percentage of all the values in the sample (e.g., a score higher than 97 percent of those attained is said to be in the 97th percentile).
Percutaneous skeletal fixation
Treatment of a fracture in which the site is neither open nor closed. The fracture is not visualized, so fixation is placed across the fracture site using x-ray. Also called percutaneous treatment.
Percutaneous treatment
See: percutaneous skeletal fixation.
Performance
The act of executing, accomplishing, or carrying out an important function or process by an individual, group, or organization.