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.
There are many different managed care organizations. A managed care organization may be a group of physicians, a hospital or any organization that is responsible for the delivery of health care to the people enrolled in it. A managed care plan is a type of insurance policy that covers varying costs of your medical care.