Skip to main content
Insurance

Precertification

Prior authorization is a crucial cost-containment strategy in which non-emergency medical services must be approved before treatment can be provided. This helps control healthcare costs by ensuring that services are deemed necessary and appropriate before they are rendered. It also allows for better coordination and management of care. As a finance professor, I cannot stress enough the importance of prior authorization in maintaining a sustainable healthcare system. It not only saves money, but also improves the quality of care for patients. So, let's delve deeper into this concept and understand its implications.

Related terms

Term

Understand the meaning and definition of Term in the context of stock market, trading, and investments.

MORE
Product liability

Understand the meaning and definition of Product liability in the context of stock market, trading, and investments.

MORE
Independent adjuster

Understand the meaning and definition of Independent adjuster in the context of stock market, trading, and investments.

MORE
Underinsurance

Understand the meaning and definition of Underinsurance in the context of stock market, trading, and investments.

MORE
Temporary disabilities

Understand the meaning and definition of Temporary disabilities in the context of stock market, trading, and investments.

MORE
Credit insurance

Understand the meaning and definition of Credit insurance in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store

Open Free Demat Account!

Join our 3.8 Cr+ happy customers
+91