Collected information that includes standards of strength, purity, and quality of drugs. Official compendia in the United States are the United States Pharmacopoeia, the National Formulary, the Homeopathic Pharmacopoeia of the United States, and their supplements.
Tag: MEDICAL
Compensable injury
Any trauma suffered by an employee that arises out of employment (AOE) and occurs in the course of employment (COE). This includes any aggravation or acceleration, because of employment, of a preexisting physical or mental condition or pathology.
Compensation (comp)
1. Monetary payment for work performed or services rendered. 2. Used variously to refer to the workers’ compensation law, compensation benefits generally, or compensation payments.
Compensatories
See: compensatory damages.
Compensatory damages
MEDICAL,USA: Monetary payment awarded in court for actual loss or injury to a person or property sufficient in the amount to indemnify the injured person for the loss suffered. Also called compensatories.
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The award, usually monetary, that is intended to compensate the claimant for injury sustained. In addition to actual loss or injury, this term may include amounts for expenses, loss of time, bodily suffering and metal suffering but does not include punitive damages.
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The total of monetary loss experienced by the injured party are compensatory damages and can include special damages and general damages. The distinction between special damages and general damages is that the former can be calculated accurately from the records of actual expenses incurred or financial losses (e.g., loss of salary etc.) suffered whereas the letter are estimated by courts taking into account a number of factors relevant to individual cases.
Competent
Individual able to understand and act sanely and reasonably.
Competitive benchmarking
See: benchmarking.
Competitive medical plan (CMP)
1. Established by the Tax Equity and Fiscal Responsibility Act (TEFRA). This is a state-licensed health plan similar to a health maintenance organization (HMO) that delivers comprehensive, coordinated services to voluntary enrolled members on a prepaid, capitated basis. 2. CMP status may be granted by the federal government for the enrollment of Medicare beneficiaries into managed care plans, without having to qualify as an HMO. CMPs with Medicare contracts offer Medicare beneficiaries all services covered by fee-for-service Medicare. Medicare pays these plans on a monthly basis for each Medicare beneficiary. Medicare beneficiaries get all Medicare-covered hospital and medical insurance benefits through the plan. The CMP may also collect a premium from each Medicare member enrolled in the plan.
Competitive pricing
Method that uses market information for establishing payment rates that reflect the costs of an efficient managed care plan or health care provider (e.g., competitive bidding that obtains information on costs through the process of bidding).
Complaint
Expression of dissatisfaction about a certain problem encountered by the member of a managed care plan, or about a decision by the insurance company. A complaint must include a request for action to resolve the problem or change the decision. Also see grievance.