Final answer:
ACH stands for Automated Clearing House, which is an electronic network used for processing financial transactions in the United States. IHPS stands for Integrated Health Partnerships, which is a payment model that promotes collaboration among healthcare providers to improve patient outcomes while reducing costs. The ACH system allows for the transfer of funds between bank accounts through direct deposit, bill payments, and other electronic transactions. IHPS is a healthcare payment model that focuses on value-based care, emphasizing quality and coordination of services.
Step-by-step explanation:
ACH stands for Automated Clearing House, which is an electronic network used for processing financial transactions in the United States.
IHPS stands for Integrated Health Partnerships, which is a payment model that promotes collaboration among healthcare providers to improve patient outcomes while reducing costs.
The ACH system allows for the transfer of funds between bank accounts through direct deposit, bill payments, and other electronic transactions. It provides a safe, efficient, and cost-effective way to process payments.
IHPS is a healthcare payment model that focuses on value-based care, emphasizing quality and coordination of services. It encourages healthcare providers to work together to deliver comprehensive and integrated care to patients.