Definition of Administrative Costs from the PharmacyDictionary.in

Administrative Costs

Synonyms of Administrative Costs

These are the expenses borne by a carrier, such as an insurance company or Health Maintenance Organization (HMO), for services including claims processing, billing, and enrollment. Overhead costs encompass utilization review, insurance marketing, medical underwriting, agent commissions, premium collection, additional claims processing, insurer profit, quality assurance activities, maintenance of medical libraries, and risk management.

Image related to Administrative Costs

Not Available