Payment For Services Terms & Medicare Flashcards
Capitation
Payment system under which provider is paid prospectively a set fee for each member of a specific pop regardless if no covered health care is delivered. PMPM-per member per month. The healthier the enrollees the more the provider retains of the total PMPM payment
Co-insurance
$ paid by pt; % of tot charge
Clinical/Critical Pathway
Standardized recommended tx protocol for specific dx
Deductible
Amt pt must pay provider before insurance benefits will pay
Diagnostic Related Groups (DRGs)
Descriptive categories established by CMS that determine the level of payment at a per case rate
Fee for Service
payment system under which the provider is paid the same type rate per unit of service. Traditionally payer pays 80% and pt/provider pays 20%.
Health Insurance Marketplace
Created by ACA. Allows customers to compare cost of insurance plans in area. AKA HC exchanges.
HMOs
Health Maintenance Org: most common form of mng-ed care. Maintains control over services by requiring enrollees to see only MDs w/in network & obtain referrals b4 specialty care.
Manages Care (MCO’s)
Include HMOs/PPO’s: Method of maintaining some control over cost/utilization of services while providing quality care.
Per diem
Negotiated, per day fee for services; SNFs & inpt
PPOs
Preferred Provider Org: similar to HMO but usually offers greater choice of providers-however as choices increase, % of payment decreases.
PPS
Protective Payment System; nationwide payment schedule that determines medicare payment for each inpt stay of a medicare beneficiary based on DRGs
3rd Party Payers
Orgs prim responsible for reimbursement for HC in US. HMOs/PPOs
TAR
Tx Authorization Request: Medicaid form of PCP must complete to doc the need for requested medically covered services & supporting rationale.
UCR
Usual & customary rate; ave cost of specific HC procedures in geographic area. Max amt insure will pay for a service/covered expense.