Floater policy

Insurance policy for movable property that covers it wherever loss may occur (e.g., tourist’s baggage).
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A Policy under the terms of which protection follows movable property covering it wherever it may be, e.g., a Policy on tourist’s baggage.

Floor time

Documented minutes and hours spent working on behalf of an inpatient while the provider is physically present on the patient’s floor or unit. It includes face-to-face time but is not limited to face-to-face time (e.g., at the bedside). It is a component of evaluation and management CPT codes. Also called unit time . Unit/floor time applies to hospital observation services, inpatient hospital care, initial and follow-up hospital consultations, and nursing facility visits.

focused medical review (FMR)

Analysis of national data by Centers for Medicare and Medicaid Services (CMS) of Medicare insurance claims to locate the greatest risk of inappropriate program payment. This gathering of data is done to reduce the number of noncovered claims or unnecessary services. CMS provides its findings to the fiscal intermediaries who develop their review policies to identify abuse and overutilization of services.

Focused studies

State-required studies that examine a specific aspect of health care (such as prenatal care) for a defined point in time. These projects are usually based on information extracted from medical records or managed care organizations’ data (enrollment files, encounter or claims data). State staff, External Quality Review Organization (EQRO) staff, managed care organization (MCO) staff, or more than one of these entities may perform such studies at the discretion of the state.

Follow-up file

Reminder method used to track pending or resubmitted insurance claims and to telephone or send inquiries about nonpayment. Also called a suspense, tickler file , or tracing file . Also see tracing file or tickler file .