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What does the term “New Applicants” mean?

An organization seeking accreditation as a provider of IPCE that does NOT currently hold at least one accreditation from at least one of the cofounder accreditors (ACCME, ACPE, or ANCC) or one state accredited body (ACCME Recognized Accreditor or ANCC Accredited Approver) may be awarded a term of up to two years.