1a : monarch, kingb : the ruler of a principality or state. 2 : a male member of a royal family; especially : a son of the sovereign. 3 : a nobleman of varying rank and status. 4 : one likened to a prince; especially : a man of high rank or of high standing in his class or profession.
Mechanisms for Payment. Probably the key element of the managed care contract for the provider is the mechanism for payment. The contract should state how, when, and what the provider will be paid. The provider's personnel should understand the claims' forms and processing procedures.
Second, the managed-care industry has never really understood the theory of managed competition or, if it did, it has sabotaged the implementation of the idea deliberately. American health system, in truth most managed-care carriers consider their job done when they have pleased the employee-benefit manager.