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Prior authorization, or preauthorization, [1] is a utilization management process used by some health insurance companies in the United States to determine if they ...
Certification is a comprehensive evaluation of a process, system, product, event, or skill, typically measured against some existing norm or standard.Industry and/or trade associations will often create certification programs to test and evaluate the skills of those performing services within the interest area of that association.
In lending, a pre-approval is the pre-qualification for a loan or mortgage of a certain value range. [1]For a general loan a lender, via public or proprietary information, feels that a potential borrower is completely credit-worthy enough for a certain credit product, and approaches the potential customer with a guarantee that should they want that product, they would be guaranteed to get it.
Here’s what you need to know about preapproval vs. prequalification. What is the difference between preapproved and prequalified? The main difference between prequalified and preapproved ...
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Preapproval vs. prequalification: How they compare — and where they differ. Prequalification. Preapproval. Purpose. Establishes your homebuying budget as a first step before you shop.
product certifications (many nations) Product certification or product qualification is the process of certifying that a certain product has passed performance tests and quality assurance tests, and meets qualification criteria stipulated in contracts, regulations, or specifications (sometimes called "certification schemes" in the product certification industry).
Step therapy, also called step protocol or a fail first requirement, is a managed care approach to prescription.It is a type of prior authorization requirement that is intended increase insurance company profits at the expense of patient health by forcing patients onto lower cost prescription drugs.