See: cancelable policy.
Tag: MEDICAL
Cancelable policy
Individual health insurance policy that can be terminated at any time by the insurance company. Also called cancelable contract. See also conditionally renewable.
Cancer registrar
Individual who captures a complete summary of the history, diagnosis, treatment, and disease status for every cancer patient. Registrars’ work leads to better information that is used in the management of cancer and, ultimately, cures. Also see National Cancer Registrars Association (NCRA) and Certified Tumor Registrar (CTR).
Cap
1. Private insurance or managed care plan contract maximum amount (capital sum or principal amount) placed on the expenditure of money for a specific purpose (e.g., maximum benefit coverage). 2. Abbreviation for capitation.
Cap rate
See: capitation rate (cap rate).
Capacity to contract
Legal condition for both parties (insurance company and insured) to understand the insurance policy terms for a drawn-up agreement to be considered a valid contract.
Capital gain
Dollar amount profit that is made when stocks or bonds (securities) are sold. This is called a realized gain. An unrealized capital gain is when there has been an increase in the value of the stocks or bonds but they have not been sold.
Capital stock
Investment certificates that represent the amount of money or property contributed by shareholders invested to provide money for a corporation to do business and buy equipment.
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The ownership of a corporation as expressed in individually or jointly held shares of stock.
Capitated payment
Annual fee paid by the insurance company to the physician, hospital facility, or network that provides health care to a patient.
capitation (cap or CAP)
System of payment used by managed care plans in which physicians and hospitals are paid a fixed, per capita amount for each patient enrolled over a stated period of time (month or year), regardless of the type and number of services provided; reimbursement to the hospital on a per member per month (PMPM) basis to cover costs for the members of the plan.