Value-based payment, or bundled payment, is part of utilization control to redesign a fee-for-service system that traditionally rewards provision of services rather than achievement of outcomes and controlled costs.
The entrance to Warwick castle. The entrance to Warwick castle. The definition of a castle is a large fortified building or set of buildings where royalty lives, or a large and impressive house. 1  A fortified building with a moat and a draw bridge where the king lives is an example of a castle. 2  A huge impressive mansion is an example of a castle.
The noun CASTLE has 4 senses: 1. a large and stately mansion. 2. a large building formerly occupied by a ruler and fortified against attack. 3. (chess) the piece that can move any number of unoccupied squares in a direction parallel to the sides of the chessboard.4. interchanging the positions of the king and a rook. Familiarity information: CASTLE used as a noun is uncommon.ypernyms (castle is a kind of...): hall; manse; mansion; mansion house; residence (a large and imposing house). Meronyms (parts of castle): great hall (the principle hall in a castle or mansion; can be used for dining or entertainment).