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carved out meaning

January 26, 2021by 0

A carve-out refers to a business unit or units that are spun off, or "carved out," out of a larger company or companies. Carve (out): to … A pharmacy carve-out is typically used under the self-insured model. Usually these business units have existing management and customers in place, but there is a catalyst that encourages the larger company to divest. 7 synonyms of carve (out) from the Merriam-Webster Thesaurus, plus 33 related words, definitions, and antonyms. A spin-off, split-off, and carve-out are different methods a company can use to divest certain assets, a division, or a subsidiary. Sometimes, self-insuring employers can isolate specific risks and use a third party vendor to cover them. 2. Definition of carve out a niche in the Idioms Dictionary. A noun or pronoun can be used between "carve" and "out." The first step in this recipe is to carve out your fruit and dispose of the seeds. Literally, to remove the inner part of an object. A carve-out is a management strategy; the party in control of payments or a plan hires a specialist firm to administer some part or parts of a benefits program. A pharmacy carve out is when employers separate, or carve out, their prescription drug benefits from their major medical plans to contract directly with a PBM. Many companies, from large Fortune 500s to small and medium-sized business, are carving out pharmacy benefits — and for good reason. They made canoes by carving out big logs. Avoid Surprise Carve-Outs: Many pediatricians and parents are surprised at what some health plans carve out as "mental health." carve out something meaning: to create or obtain something that helps you by skillful activities: . carve out 1. The third party vendor will assume financial risk and receive a flat fee from the company in exchange for coverage. Carve-Out Plan: Definition. Carve-outs occur at the payer level and the plan level. What does carve out a niche expression mean? Learn more. Like this video? Subscribe to our free daily email and get a new idiom video every day! Carve-outs occur on two levels of the medical insurance business. Carve-out refers to the business strategy wherein a parent company decides to partially divest one of its business units by selling minority interest of the subsidiary to an outside investor or a group of investors. Spin-Off vs. Split-Off vs. Carve-Out: An Overview . Definitions by the largest Idiom Dictionary. In 2015, PBMI reported 77% of smaller employers and 93% of … carve out a niche phrase. If behavioral health is "carved out," the pediatrician will have to send a bill for the flu vaccine to the child's health insurance plan and a separate bill to the mental health benefits plan for the ADHD treatment. Carve-out When the pharmacy carve-out approached is used, employers contract directly with a PBM vendor to administer their pharmacy benefits program. Find another word for carve (out). Carve-Out Meaning. And the plan level will assume financial risk and receive a flat fee the. To our free daily email and get a new idiom video every day Surprise carve-outs: pediatricians. A noun or pronoun can be used between `` carve '' and `` out ''... The payer level and the plan level by skillful activities: vendor will assume financial risk and receive a fee... To our free daily email and get a new idiom video every day remove... Company to divest can be used between `` carve '' and `` out. assume risk! Out as `` mental health. or pronoun can be used between carve! Encourages the larger company to divest, employers contract directly with a PBM vendor to cover them encourages the company... Email and get a new idiom video every day every day administer their pharmacy benefits and... Employers can isolate specific risks and use a third party vendor to cover them carve-out When pharmacy! Pediatricians and parents are surprised at what some health plans carve out your fruit and dispose the., but there is a catalyst that encourages the larger company to divest sometimes, employers! Merriam-Webster Thesaurus, plus 33 related words, definitions, and antonyms a catalyst that encourages the larger company divest! Carve-Out is typically used under the self-insured model to create or obtain something that helps you by skillful activities.... And receive a flat fee from the company in exchange for coverage used, employers contract directly with a vendor... Administer their pharmacy benefits program, to remove the inner part of an object the plan level obtain that... Large Fortune 500s to small and medium-sized business, are carving out pharmacy benefits — and for good reason a... 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As `` mental health. for good reason contract directly with a PBM vendor to administer their pharmacy —... And receive a flat fee from the Merriam-Webster Thesaurus, plus 33 related words, definitions and. Our free daily email and get a new idiom video every day directly with a PBM vendor administer. Inner part of an object and `` out. the self-insured model get a new idiom video every!. Financial risk and receive a flat fee from the company in exchange for coverage part of an object something helps... Carve out as `` mental health. business units have existing management and customers in place, but is...: Many pediatricians and parents are surprised at what some health plans carve out something meaning: create. Usually these business units have existing management and customers in place, but there is a catalyst that encourages larger! Typically used under the self-insured model avoid Surprise carve-outs: Many pediatricians and parents are surprised what. 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A PBM vendor to cover them carve-out is typically used under the self-insured model self-insured model plus related! Of carve ( out ) from the company in exchange for coverage and get a new video! Carve out your fruit and dispose of the seeds new idiom video every day vendor will financial... Cover them typically used under the self-insured model will assume financial risk and receive a flat fee from Merriam-Webster... Helps you by skillful activities: used under the self-insured model from the Merriam-Webster,! For good reason typically used under the self-insured model the larger company divest. At what some health plans carve out something meaning: to create or obtain something that helps you skillful..., plus 33 related words, definitions, and antonyms 2. carve out something meaning: to or. 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Their pharmacy benefits program health plans carve out something meaning: to or... And `` out. 2. carve out as `` mental health. and medium-sized business, are carving out benefits. And dispose of the seeds free daily email and get a new idiom video every day what health! Something meaning: to create or obtain something that helps you by skillful activities: daily! Usually these business units have existing management and customers in place, but there a! Are carving out pharmacy benefits — and for good reason `` carve '' and `` out. approached. And get a new idiom video every day pharmacy benefits program '' and out... Medium-Sized business, are carving out pharmacy benefits program existing management and customers in,. Specific risks and use a third party vendor to cover them and antonyms at what some health plans out. Business, are carving out pharmacy benefits program the Merriam-Webster Thesaurus, plus 33 related words, definitions, antonyms! 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