What is the difference between CHARGE, REIMBURSEMENT, and PAYMENT? Use an example in your definition.
Charges are the prices as per the internal list of the things, facilities and services in the healthcare system. For the example: Pathology charge of CBC(complete blood count) report, thyroid test charge, lipid profile charge, LFT(liver functioning test) charge etc.
Reimbursement: It is the compensation cost paid by any organization like insurance company based on the retrospective claim process on the basis of the bill produced against the medical services opted by him/her in any healthcare organization.
Example: reimbursement of the accidental insured bill
Payment: it is the total amount of money which is actually received by the hospital by producing the bill for providing the patient care. Example: physician payment or payment for specialized services.
What is the difference between CHARGE, REIMBURSEMENT, and PAYMENT? Use an example in your definition.
the difference between the approved reimbursement and what the physician is charging is called the:
1) What is the definition of a generic drug? 2) What is the difference between a generic drug and an over the counter (OTC) drug? 3) Why are generic drugs important to the healthcare system? 4) What is “Pay to Delay”? What is “Ever-greening”? Give an example for each
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In healthcare: What is the difference between use and disclosure of information? Please share an example of each.
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What is the difference between "continuity" and "discontinuity?" Please give an example within your 300 word reply.
what is the basic difference between a Fee-for Service payment approach, and a Bundled Payment approach to paying clinical service providers?
Which of the following corresponds to a user fee or user charge? A. A payment for the privilege to use. B. A cost reimbursement to the government. C. A charge to individuals that use the service. D. All of the above.