Provider Reimbursement In Healthcare
Healthcare Reimbursement
Healthcare is made up of many factors. Among those factors are provider reimbursement and the different types of financial methods used by the patients to acquire healthcare services. Provider reimbursement is important and necessary in order to maintain the continuation of healthcare. Like every organization, including non-profit organizations, require revenue in order to pay their healthcare providers, expenses accrued, and to obtain the supplies needed to aid in rendering services. With that said, this is why there are many financial methods such as third-party payers, government agencies, private health insurance, and patient payments. These methods include many financing agencies that are utilized by individuals
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Reimbursement is the healthcare term that refers to the compensation or repayment for healthcare services (Casto & Layman, 2006). Healthcare providers can include: nurses, physicians, medical assistants, therapist, and so forth. It is very unlikely that anyone wants to work for free. Reimbursement is the key that maintains healthcare providers in business. Furthermore, for those providers who own their own facility, revenue is definitely required in order to pay for overhead and to be able to acquire the necessary medical equipment or supplies to allow them to render their services. Without proper reimbursement it is practically impossible for providers to render healthcare services to the patient …show more content…
Understanding the importance of provider reimbursement and the different methods of healthcare financing can be beneficial. This can aid in understanding which financing method provides the most benefits to providers. Healthcare providers along with healthcare organizations require funds to assist in the continuation and the revolving of healthcare services.
References
Casto, A. B., & Layman, E. (2006). Principles of healthcare reimbursement. Chicago, Illinois: American Health Information Management Association. Retrieved from http://www.amcp.org/WorkArea/DownloadAsset.aspx?id=12724
Health Care Reform. (2014, January 1). Retrieved October 18, 2014. http://www.hca.wa.gov/hcr/Pages/default.aspx
Indian Health Service The Federal Health Program for American Indians and Alaska Natives. (n.d.). Retrieved October 18, 2014.
Safian, S. C. (2014). Fundamentals of health care administration. (First ed.). Upper Saddle River, New Jersey: Pearson Education,
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