Question

Payments to hospitals from private insurers can be characterized as having reached which stage of a typical financial reimbursement cycle?

A. The Second Stage: cost reimbursements


B. The Fourth Stage: total cost control through global budgets adjusted to match growth in GDP.


C. The Third Stage: complex administered prices.


D. The First Stage: fees paid to trusted voluntary organizations.

Answer 1

The fourth stage: total cost control through global budgets adjusted to match growth in GDP.

Answer: Option B.

Step-by-step explanation:

Reimbursement is a repayment for the money that you have already paid or spent. It is the way insurance companies make payment to the people who are insured.

There is a proper cycle that the insurer and the insurance company have to follow while making payment to the insurers in case they use it. But the payers are creating roadblocks these days to either limit or slow down the pace of the reimbursement cycle. So because of this the hospital and the health system are having an intense payment environment.