Healthcare Finance

noun an amount of money that is subtracted from someone's income or from the price of something, especially as a business expense

• The insurance policy has a high deductible, meaning you will have to pay a significant amount out of pocket before coverage kicks in.
• I didn't realize my car insurance deductible was so high until I had to file a claim.
• I can't believe how much my deductible is for this medical procedure, it's gonna cost me an arm and a leg!
• In life, sometimes we have to pay a deductible of hard work and perseverance before we can achieve success.

noun a sum of money paid in compensation for expenses or losses incurred

• The company offers reimbursement for all travel expenses incurred during business trips.
• Don't worry, you'll get your reimbursement for the concert tickets soon.
• I'll make sure you get your cash back for those drinks, no worries.
• His kindness towards others was a form of emotional reimbursement for the support he received in the past.

noun a financial arrangement where insurance companies combine their resources to cover a large number of policyholders

• The insurance company uses a risk pool to spread the financial risk of covering high-cost individuals.
• The risk pool helps insurance companies cover the costs of people with expensive medical needs.
• The risk pool is like a safety net for insurance companies to handle expensive claims.
• Think of a risk pool as a way for insurance companies to share the burden of covering costly medical treatments.

noun International Classification of Diseases

• The International Classification of Diseases (ICD) is used by healthcare providers worldwide for diagnostic coding.
• Doctors use ICD codes to categorize different medical conditions.
• ICD numbers help doctors figure out what's wrong with you.
• Just like a dictionary organizes words, ICD organizes diseases for medical professionals.

noun a term used to refer to someone who is in charge of a particular department or organization, typically in a government or military setting

• The admr of the company was responsible for overseeing all administrative tasks.
• I heard the admr is really strict about following office rules.
• The new admr is a real stickler for details.
• Her role as admr was like being the captain of a ship, guiding the team through rough waters.