Legislation that is uniform in all states and stipulates the minimum standards for calculating or valuing insurance reserves that a life insurance company must maintain for its life insurance policies and annuity contracts. It was first developed by the National Association of Insurance Commissioners.
Insurance Encyclopedia
Standardization
Act of making charges or costs more comparable among medical providers, plans, and geographical areas. This is accomplished by adjusting specific services or bundles of services to remove differences that result from geographical variation in prices and beneficiary health risk.
Standards of care protocols
Set of guidelines for medical tests and procedures that are considered covered services for specific predetermined diagnoses.
Standards of Ethical Coding
Code of conduct developed by the American Health Information Management Association to provide a basis for ethical decision-making in coding practice.
Standby anesthesia service
Backup anesthetist requested by another physician for a case that involves prolonged attendance without direct patient contact. If the physician does the procedure, this service would not be billable.
Standing Charges
Constant charges prevailing throughout whether the turnover is reduced or not.
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UK: A business interruption term describing the ongoing costs, i.e. fixed costs or costs that do not decrease proportionately with turnover. They must be paid by the business notwithstanding the curtailment of trading. These expenses, e.g. rent, are at risk and therefore payable out of gross profit, the main item insured under the policy.
Standing order
Written direction given for ongoing treatment or medical care until it is overridden by another written direction (e.g., vital signs every hour).
Standstill
An engineering policy added to erection all risks or contractors all risks cover when a construction project enters a period of inactivity, i.e. goes on ‘standstill’. The policy is on a named peril basis.
Star procedure
Beginning in CPT 2004, the star (*) symbol was deleted.
Star symbol
This symbol (*) was deleted beginning in CPT 2004.