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.
Managed care is a term that describes a health insurance plan or health care system that coordinates the provision, quality and cost of care for its enrolled members. Managed care is designed to coordinate care effectively and provide better access to services and supports.