Factor table

Statistical record used by insurance underwriters to establish the net worth of an insurance applicant. It shows the dollar amount to multiply with the applicant’s annual income to obtain the maximum allowable amount of insurance.

faculty practice plan (FPP)

Policies and procedures in a document that state the manner in which patient services are delivered by a teaching program or medical school faculty physicians, the method of obtaining payment, and the disposition of the funds obtained for the services. Also known as clinical practice plan and medical practice plan .