Glossary

Patent infringement refers to an encroachment on a right granted by a government to an inventor assuring the sole right to make, use, and sell an invention for a certain time period.

Patient compensation funds are state-operated programs that afford excess insurance coverage for healthcare providers, including doctors, hospitals, dentists, and some allied healthcare professionals.

Patient dumping refers to a statutorily imposed liability that occurs when a hospital capable of providing the necessary medical care transfers a patient to another facility or simply turns the patient away because of the patient's inability to pay for services.

The Patient Protection and Affordable Care Act (PPACA) is a 2010 law that enacted the most significant regulatory overhaul of the American healthcare system since passage of Medicare and Medicaid in 1965.

Patient's Bill of Rights legislation refers to laws allowing claimants to sue managed care organizations (MCOs) for malpractice and other treatment-related causes of action.

Patient wearable refers to a wearable device used to monitor medical patients' vital signs.

Paul v. Virginia is an 1869 US Supreme Court decision holding that insurance is not commerce and is therefore not subject to regulation by the federal government.

A payer death rider is a life insurance rider that is used when the premium for the policy is being paid by someone other than the insured and provides that, in the event of death of the payer, the policy premiums will be waived for the remainder of the premium paying period.

A payment account is an account established by an insurer under a finite insurance program.

A payment bond guarantees that suppliers and subcontractors will be paid for materials and labor furnished to the principal contractor.