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Definitions from the Web

Managed Competition

Definition: Managed competition is a healthcare system in which various healthcare providers compete with one another to offer quality services at competitive prices under the regulation and oversight of a governing body.

Part of Speech: Noun

Sense 1: A system of healthcare competition with government regulation and oversight.

Example sentence: The government implemented managed competition to improve healthcare services and control rising costs.

Sense 2: A method of introducing competition among suppliers in a regulated market.

Example sentence: Managed competition in the energy sector led to increased efficiency and lower prices for consumers.

Sense 3: A strategy for improving public services through competition while maintaining standards.

Example sentence: The education sector implemented managed competition to encourage innovation and improve educational outcomes.

Related products: Explore books on managed competition on Amazon.