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Payment Error Rate Measurement (PERM)

The measure of the improper payments of Medicaid and CHIP, which results in an error rate for each program. These rates are based on multiple factors; fee-for-service (FFS), managed care and eligibility sections of Medicaid and CHIP in the fiscal year under review.

Institute of Medicine (IOM)

A non-profit that works outside the government with a focus on providing unbiased advice for the public and private sector when making decisions regarding health.