Goal-directed, interrelated series of actions, events, mechanisms, or steps.
Tag: USA
Process improvement
Methodology used to make changes for the better to a procedure through the use of continuous quality enhancement and cost and productivity improvement standards or goals. Also referred to as process management.
Process indicator
Gauge that measures a goal-directed, interrelated series of actions, events, mechanisms, or steps.
Process management
See: process improvement.
Processing time
Time period it takes an insurance carrier to process an insurance claim from when it is received by the carrier until it is approved for payment. Payment for manual claims is within 4 to 12 weeks and as little as 7 days when transmitted electronically.
Procurement costs
Under Medicare Secondary Payer guidelines, the attorney fees and other costs that are related to obtaining a settlement that are borne by the individual against which the Centers for Medicare and Medicaid Services (CMS) seeks to recover.
Production credit
New insurance policies (volume) or existing premiums that are ascribed to an insurance agent, broker, or group representative.
Productivity
Measurement of the increased or deceased rate of resources that an organization uses to produce a unit of output.
Productivity investments
Spending aimed at increasing contractor operational efficiency and production through improved work methods and application of technology.
Profession
Career that involves specialized training and requires individuals to study extensively to master a complex body of knowledge and have the ability to apply the knowledge.
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The word implies professed attainment in special knowledge as distinguished from mere skill. A practical dealing with affairs as distinguished from mere study or investigation, and an application of such knowledge to uses for others as a vocation, as distinguished from its pursuit for its own purposes.