MEDICAL,USA: Dollar amount in a life insurance policy that is payable at the time of death of the insured or in an annuity when the contract reaches maturity. It does not include additional dollar amounts payable under other special provisions, accidental death, or policy dividends. Also called face value . See also basic death benefit and death benefit .
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Generally used to mean the amount of insurance provided.
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The amount of insurance provided by the terms of an insurance contract, usually found on the face of the policy.
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The dollar amount to be paid to the beneficiary when the insured dies. It does not include other amounts that may be paid from insurance purchased with dividends or any policy riders.
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The total amount of coverage provided by an insurance contract, as stated on the face.

Generally the first page of an insurance policy that includes the name and age of the insured, name of the policy owner (if different from the insured), amount of premium, policy number, date of issuance of policy, and signatures of the insurance company officials.

First part of a patient’s hospital health record that contains the patient’s identification, demographics, date of admission, insurance coverage or payment source, referral data, hospital stay dates, attending physician information, discharge information, name of responsible party, emergency contact, and patient’s diagnoses.

Documented minutes and hours spent face to face with a patient or a patient’s family in an office or outpatient place of service. It is a component of evaluation and management codes.

Some managed care plans may vary cost shares for services based on place of treatment—in effect, charging a cost for the facility in which the service is received.

One of three components in the formula used to find out the relative value of physician services paid under the resource-based relative value scale (RBRVS). Facility practice expense corresponds to the physician’s direct and indirect costs associated with each service provided in a hospital, ambulatory surgery center (ASC), or skilled nursing facility (SNF).

Number assigned to a facility (e.g., hospital, laboratory, radiology office, nursing facility) to be used by the facility to bill for services, or by the performing physician to report services done at that location.

Method of establishing insurance rates based on facility expenditures on items specific to patient care. It pays different rates to providers that deliver the same type of service.

Insurance contract rule or section of a life insurance policy that allows the managed care payer or insurance company to reimburse someone other than the member or provider (e.g., designated beneficiary or estate of the insured). This clause allows the insurance company to pay benefits to the beneficiary in a timely manner.