Answer: Fee schedule can be defined as the payment on medical facilities.
Step-by-step explanation:
The following are the advantages of the fee schedule:
1. The money spend on the medical treatment will be reimbursed by claiming the medical bill.
2. It includes the complete lists of payment to be paid to doctors and other medical aid providers so that no discrepancy or excess loss of money could occur.
The following is the disadvantage of the fee schedule:
1. Some fee schedules only include the plans that covers the medical charges related to medical problem. The educational program and therapy charges are not included. Thus becomes less profitable.