Asked by Jenna Carlee on May 04, 2024
Verified
Insurance company that intervenes to pay hospital or medical bills per contract with the doctor or patient
A) advance beneficiary notice (ABN)
B) carrier
C) coordination of benefits (COB)
D) fee disclosure
E) fee schedule
F) loss-of-income benefits
G) participating provider
H) patient status
I) relative value units
J) third-party payer
Third-Party Payer
A third-party payer is an entity (other than the patient or healthcare provider) that pays for healthcare services, often an insurance company or government program.
Insurance Company
An organization that provides risk management by offering compensation for losses in exchange for payment of premiums.
- Acquire knowledge about the definitions and functions of diverse health insurance terms and policies.
- Identify the function of third-party payers within the health insurance sector.
Verified Answer
ZK
Zybrea KnightMay 08, 2024
Final Answer :
J
Explanation :
A third-party payer is an insurance company or health agency that pays the physician, clinic, or other healthcare provider (the second party) for the care or services to the patient (the first party).
Learning Objectives
- Acquire knowledge about the definitions and functions of diverse health insurance terms and policies.
- Identify the function of third-party payers within the health insurance sector.
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