Cost Management

October 5, 2023 5 min read Definitions

Claim Expense: Understanding Costs Beyond the Actual Claim

Finance Insurance Risk Management Insurance Claim Expense General Insurance Underwriting Cost Management

Learn about claim expense in general insurance terms, which includes costs beyond the actual claim, such as administrative fees and legal costs associated with paying a claim.

October 3, 2023 4 min read Definitions

Therapeutic Alternatives in Health Insurance: Definition and Insights

Health Insurance Pharmaceuticals Health Insurance Therapeutic Alternatives Pharmaceuticals Drug Formulary Cost Management

Understand therapeutic alternatives in health insurance. These are different drugs with varying chemical makeups that provide the same results for patients. Learn more about how they impact healthcare choices and insurance coverage.

October 3, 2023 4 min read Definitions

Understanding Prior Authorization in Health Insurance

Insurance Healthcare Management Financial Planning Health Insurance Prior Authorization Cost Management Health Benefits Medical Pre-Approval

Learn about prior authorization, a crucial technique in health insurance for minimizing costs by ensuring medical care is pre-approved before benefits are paid.