ACCOUNTABLE HEALTH PLAN
\ɐkˈa͡ʊntəbə͡l hˈɛlθ plˈan], \ɐkˈaʊntəbəl hˈɛlθ plˈan], \ɐ_k_ˈaʊ_n_t_ə_b_əl h_ˈɛ_l_θ p_l_ˈa_n]\
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A strategy for purchasing health care in a manner which will obtain maximum value for the price for the purchasers of the health care and the recipients. The concept was developed primarily by Alain Enthoven of Stanford University and promulgated by the Jackson Hole Group. The strategy depends on sponsors for groups of the population to be insured. The sponsor, in some cases a health alliance, acts as an intermediary between the group and competing provider groups (accountable health plans). The competition is price-based among annual premiums for a defined, standardized benefit package. (From Slee and Slee, Health Care Reform Terms, 1993)
By DataStellar Co., Ltd
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.