fee-for-service
Itemized medical billing
Fee-for-service is a payment model where providers are paid separately for each service rendered.
The term appears most often in healthcare, where doctors bill for individual procedures rather than receiving a flat rate per patient.
Critics argue fee-for-service incentivizes quantity over quality: The fee-for-service model encourages unnecessary tests.
Itemized billing statement
- chargeCost or accusation
- reimbursementPayment for incurred expenses
- claimStatement of ownership or truth
- statementExpressed claim or fact
receivable · payable · copayment · deductible · out-of-pocket · coinsurance · premium · remittance
One who furnishes things
- physicianLicensed medical doctor
- patientAble to wait calmly
- MedicareFederal senior health program
- MedicaidPublic health coverage for poor
hospital · clinic · specialist · consultation · diagnosis · treatment · surgery · procedure
Protection against financial loss
- traditionalFollowing long-held customs
- retrospectiveReviewing what came before
- payerOne who settles debts
- policyholderOwner of insurance contract
coverage · insurance · third-party · self-pay · capitation · value-based · HMO · PPO
Reward encouraging action
- overutilizationExcessive consumption of resources
- fragmentationBreaking into smaller pieces
- inflationSustained price level increase
- marketVenue for trade
supply · demand · inefficiency · commodification · competition · pricing · expenditure · fee-splitting
invoice
Itemized billing statement
- chargeCost or accusation
- reimbursementPayment for incurred expenses
- claimStatement of ownership or truth
statement · receivable · payable · copayment · deductible · out-of-pocket · coinsurance · premium · remittance · itemized
provider
One who furnishes things
Medicaid · hospital · clinic · specialist · consultation · diagnosis · treatment · surgery · procedure · appointment
indemnity
Protection against financial loss
- traditionalFollowing long-held customs
- retrospectiveReviewing what came before
- payerOne who settles debts
policyholder · coverage · insurance · third-party · self-pay · capitation · value-based · HMO · PPO · alternative
incentive
Reward encouraging action
- overutilizationExcessive consumption of resources
- fragmentationBreaking into smaller pieces
- inflationSustained price level increase
market · supply · demand · inefficiency · commodification · competition · pricing · expenditure · fee-splitting · unbundling
- healthcare systemshospital system, public hospitals, health plan, HMO, single payer
- medical billingmedical billing, claim, copay, copayment, co-payment
- Healthcare Financemedical billing, healthcare costs, patient billing, reimbursement, claims
- healthcare programsMedicare, Medicaid, CMS, beneficiary, beneficiaries
- healthcaredoctors, nurses, hospitals, hospital, clinic
- contract workcontract labor, contract work, contractors, subcontractors, freelancers
fee-for-servicesalary
Fixed periodic employment payment
salaried · retainer · subscription model · flat fee · fixed payment
fees, service, services, serve, serves, served, serving, servant, servants