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 other reasons for the lack of cost-containing innovation in. managed care organizations. Their administrators, often grounded in the. private health insurance culture, spend more time and effort on the. purchaser side of the product and less on the delivery side. At times, this.