Compensation Committee: Committee of the board of directors that sets general compensation guidelines for a managed care plan, sets the CEO's compensation, and approves and issues stock options.

 

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Compensation Committee: Committee of the board of directors that sets general compensation guidelines for a managed care plan, sets the CEO's compensation, and approves and issues stock options.

Mutual Compensation: The concept that carriers must pay when they terminate traffic on the networks of carriers with which they are interconnected.

Medical Advisory Committee: Committee whose purpose is to review general medical management issues brought to it by the medical director.

National Committee On Quality Assurance (NCQA): An independent, nonprofit organization which assesses the quality of managed care plans, managed behavioral health care organizations and credentials verification organizations.

Overcompensation: A conscious or unconscious process in which a real or imagined physical or psychological deficit generates exaggerated correction. Concept introduced by Adler.

National Television System Committee (NTSC): Refers to the standards used for video broadcast and playback signal parameters in the U.S. Japan and other countries. Alternative systems used in Europe and some Asian countries are PAL and SECAM.

Market Performance Committee (MPC): A group of NYSE market oversight specialists who monitor specialists' efficiency in maintaining fair prices and orderly markets.

Loudness Compensation: When played quietly, this switched circuit allows fuller apparent sound from a system such that the tendancy for human hearing sensitivity to drop off at certain frequencies is compensated a . . . View Full Definition

Infrared Compensation Index: Used to compensate the focus for black and white infrared film. Color ir film generally does not require compensation.

Indirect Compensation: Compensation that is not paid directly to an employee and is calculated in addition to base salary and incentive pay (i.e., health/dental/vision insurance, vacation, retirement benefits, edu . . . View Full Definition