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.
Most others are hybrids of the two. Since plans are different, it is important for individuals to know the details of their specific plan. Managed care is both a health care financing and a health care delivery system. Plans typically guarantee 24-hour, seven-day-a-week access to health care for its members.