1. Phrase used in managed care plan contracts that refers to a reimbursement method that prepays providers for services based on their history of utilization by members. It is a much faster form of reimbursement than other arrangements. 2. Under the Medicare program, cost-based reimbursement method for hospitals before 1983 and the introduction of the prospective payment system (PPS).
Tag: RAW
Periodic review of relative values
Recalibration of Medicare’s relative value scale for financial updating purposes. The Centers for Medicare and Medicaid Services (CMS) must conduct a periodic review every 5 years.
Periods of care
Set period of time that the patient can get hospice care after the physician says that the patient is eligible and still needs hospice care.
Perishables
Any cargo that losses considerable value if it is delayed in transportation (usually refers to fresh fruit and vegetables).
peritoneal dialysis (PD)
Procedure that introduces dialysate into the abdominal cavity to remove waste products through the peritoneum (a membrane that surrounds the intestines and other organs in the abdominal cavity). It functions in a manner similar to that of the artificial semipermeable membrane in the hemodialysis machine. Three forms of peritoneal dialysis are continuous ambulatory peritoneal dialysis, continuous cycling peritoneal dialysis, and intermittent peritoneal dialysis. This treatment can be done at home, at work, or at another convenient location.
permanent and stationary (P & S)
Phrase used when a workers’ compensation patient has been on temporary disability and his or her condition has become stabilized within a reasonable period of time and no improvement is expected. It is only after this declaration that a case can be rated for a compromise and release. Also see maximum medical improvement.
Permanent and total disability (Health Insurance)
A disability the insured does not recover from. This designation is usually given to the disability after six months.
Permanent contracts/policies
Life and income protection policies policies to which the insurer is committed for a number of years, e.g. 20 years or to age 65. Renewal is at the option of the insured only. The insurer comes off risk only when the agreed period has elapsed.
Permanent Disability
A situation in which the injured peso will not be able to work again.
permanent disability (PD)
In workers’ compensation cases, illness or injury (impairment of the normal use of a body part) expected to continue for the lifetime of the injured worker that prevents the person from performing the functions of his or her occupation, therefore, impairing his or her earning capacity. Permanent disability may be partial or total.