Question

Third-party guarantee vs third-party payer regarding admissions:

a. A third-party guarantee involves a commitment from a friend or family member, while a third-party payer is an insurance company or government entity.
b. A third-party guarantee is a form of insurance, while a third-party payer is a person responsible for payment.
c. A third-party guarantee is a type of payment plan, while a third-party payer is a legal entity.
d. Both terms refer to the same concept in healthcare admissions.

Answer 1

A third-party guarantee involves a commitment from a friend or family member to pay for someone's expenses, while a third-party payer is an insurance company or government entity that covers the costs.

Step-by-step explanation:

A third-party guarantee involves a commitment from a friend or family member to pay for someone's expenses, while a third-party payer is an insurance company or government entity that covers the costs. For example, if a friend guarantees to pay for someone's hospital bills, that is a third-party guarantee. On the other hand, if an insurance company covers the costs of medical treatment, that is a third-party payer.