Shadow pricing

1. Policy of setting fees equal or slightly below a competitor’s fees. This may tend to maximize profits but will raise medical costs and is generally considered to be unethical. 2. In an employer group’s managed care plan, to price premiums based on the cost of indemnity insurance instead of following community or experience rating standards.

Shadow record

Duplicate of an original medical record in hard copy, scanned for an electronic file, or downloaded from primary information systems. It is retained for the convenience of a department or health care provider.

Shadowing

Practice used to improve clinical documentation in a facility in which a nonphysician clinician/documentation expert is paired with a physician for 1 day of patient care. At the end of the day, the two practitioners compare notes on what should have been documented based on what the physician did for each patient.

Share

The capital of a company may be divided into units known as shares in which dealings can take place. If not so divided capital in the form of stock may be dealt with in any amounts.

Shared risk

Arrangement in a managed care plan in which the provider and health plan share the risk for excessive utilization and/or excessive costs of plan members. It is used to give financial incentive to managed care providers for giving cost-effective, high-quality care. Also called risk sharing or risk pool.

Shared savings

Insurance provision of managed care plans in which a portion of the providers’ income is linked to the financial performance of the plan. When costs are lower than predicted, a percentage of the savings is given to providers.