Asked by Whitney Mukumela on May 31, 2024
Verified
The amount of money provided to pay for a particular episode of care based on an agreed or approved process is the definition of which of the following?
A) Reimbursement
B) Cost of healthcare
C) Copayment by the patient
D) Goods and services provided for care
Reimbursement
The process by which healthcare providers receive payment from insurers or patients for services rendered, essential for the operational and financial aspects of healthcare.
Episode of Care
A healthcare term that refers to the series of interactions between a patient and healthcare provider(s) for the management of a specific medical event or condition.
Agreed Process
pertains to a procedure or method that has been accepted and validated by all parties involved, often through consensus or negotiation.
- Differentiate among various healthcare reimbursement models and their required conditions.
- Differentiate critical economic indicators and their significance in healthcare economics.
Verified Answer
NJ
Najla JosephJun 02, 2024
Final Answer :
A
Explanation :
The actual cost of healthcare is the price or the monetary amount of goods and services to cover the episode of care.On the other hand,reimbursement is the amount of money provided to pay for that particular episode of care based on an agreed or approved process.
Learning Objectives
- Differentiate among various healthcare reimbursement models and their required conditions.
- Differentiate critical economic indicators and their significance in healthcare economics.