Managed-competition
noun
1.
a strategy for healthcare delivery whereby costs are reduced by fostering competition between providers of managed-care contracts for large employers.
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[man-ij-muh nt] /ˈmæn ɪdʒ mənt/ noun 1. the act or manner of ; handling, direction, or control. 2. skill in ; executive ability: great management and tact. 3. the person or persons controlling and directing the affairs of a business, institution, etc.: The store is under new management. 4. executives collectively, considered as a class […]