finance 8 - A negotiated arrangement between payer and provider to cover specific services for a defined population over an established period of time

finance 8 - A negotiated arrangement between payer and...

This preview shows page 1 out of 1 page.

A negotiated arrangement between payer and provider to cover specific services for a defined population over an established period of time. An example would be for an insurance company to contract with OSU Medical Center to cover all hospital care for its beneficiaries for a given year. The insurance company would pay OSU a fixed amount of money per month, knowing that hospital service utilization could fluctuate each month.
Image of page 1

You've reached the end of your free preview.

Want to read the whole page?

  • Summer '19
  • Finance, insurance company, OSU Medical Center

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes