Moral standards as they apply to certain business policies, institutions, and behavior.
Tag: MEDICAL
Business life insurance
Life insurance bought by a business on the life of a member of the company. It may be bought by partnerships to protect the surviving partners against loss caused by the death of a partner, or by a corporation to receive payment for loss caused by the death of a key employee.
Business model
Type of business organization or process.
Business office personnel
Employees carrying out the administrative duties in a medical practice such as office manager, billing manager, receptionist, collection specialist, health information or medical record employees, and medical coders.
Business partner (BP)
Owner that performs an activity on behalf of another owner of the business who is not part of the workforce.
Business relationships
Person or organization that assumes some of the responsibilities of another one. This phrase has been avoided in the final Health Insurance Portability and Accountability Act (HIPAA) rules so that a more specific meaning could be used for business associate.
Business-continuation insurance
Type of business insurance that provides funds so that the remaining business partners can buy the business interest of a deceased or disabled partner.
Buy-in
National program in which the state enters into an agreement with the Bureau of Health Insurance, which is under the Social Security Administration and obtains supplementary medical insurance benefits for eligible participants. The state pays the monthly health insurance premium on behalf of the beneficiary.
Buy-out settlement
See: financial settlement .
Buy-sell agreement
Contract made by partners of a business to buy the share of a disabled or deceased owner and which terms are established before the beginning of disability or death.
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(01) An agreement among part owners of a business which says that under stated conditions i.e., disability or death, the person withdrawing from the business or his heirs are legally obligated to sell their interest to the remaining part-owners and remaining part-owners are legally obligated to buy at a price fixed in the agreement. (02) A similar agreement between an owner or part-owner of a business and a non-owner such as a key employee.