In managed care payments, another term for a per member per month policy is called:

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Capitation policy is a payment arrangement for health care service providers such as physicians, clinics, and hospitals. They receive a set amount per member per month (PMPM) from managed care organizations, regardless of how many times the member uses their services. This contrasts with other payment models that pay for each service rendered.

In Managed Care Payments, Another Term for a Per Member