A Band-Aid treatment refers to addressing only the symptoms of a problem rather than focusing on the underlying cause. This approach often provides a temporary fix but not a long-term solution.
Federal legislation that requires group health plans sponsored by employers with 20 or more employees to offer continuation of health insurance coverage to employees and their dependents after they leave their jobs. Employees must pay the entire premium plus up to 2% administrative costs.
Consumer-driven healthcare (CDHC) encompasses a variety of health insurance plan designs aimed at providing insurance protection while encouraging participants to be cost-conscious about their healthcare choices.
An industrial process that continuously receives raw materials and processes them through to completed units. Hospital healthcare is a 24-hour-a-day, 7-day-a-week continuous process.
The Department of Veterans Affairs, formerly known as the Veterans Administration, is a government agency that provides various services to discharged servicemembers, including healthcare, benefits, and loans.
Long-Term Care (LTC) encompasses the day-to-day care provided to individuals, usually over the age of 65, either in nursing facilities or at home. This care is necessary following illness, injury, or due to age when a person is no longer able to perform at least two out of the five basic activities of daily living: walking, eating, dressing, using the bathroom, and moving from one place to another.
Malpractice refers to the improper, illegal, or negligent professional activity or treatment, especially by a medical practitioner, lawyer, or public official.
Jointly administered federal and state government health insurance program provided under Title XIX of the 1965 amendment of the Social Security Act. Medicaid provides health insurance assistance for individuals with low income and limited assets.
Operating costing, also known as service costing, is a cost management technique employed to ascertain the cost of delivering services within an organization or to the public. It is particularly applicable in industries engaged in continuous operations, such as electricity generation, transportation, and healthcare.
Nonprescription medications that are legally sold over the counter in a retail store. Over-the-counter medicines can be purchased in any quantity without restrictions at the retail store level.
Patent medicine refers to commercial products marketed as cures or treatments that are easily obtainable without a doctor's prescription, often with proprietary labels.
Rehabilitation refers to the process of restoring something, such as a structure, to a good condition. It can be applied to various fields such as real estate, healthcare, and law, involving steps to improve, reconstruct, or repair.
A service economy is an economic structure where the majority of activities and jobs are centered around services rather than manufacturing, agriculture, or extraction. In such economies, the service sector dominates, offering various non-tangible goods such as healthcare, information technology, education, finance, and entertainment.
STAT is a medical term derived from the Latin word 'statim', meaning immediately. It indicates that an action or procedure needs to be performed urgently.
