Reimbursement Terminology Flashcards
A measure of how sick patients are
Acuity
Auxilary or supplemental services rendered in patient care such as physical therapy
Ancillary Services
The best known value for a specific measure, from any source
Benchmark
Desirable levels of key financial indicators established at the start of the budget process by the governing board.
Budget Guidelines
Forecasts of cash income and outgo by period.
Cash Flow Budget
Payment for each hospital stay regardless of actual care costs and length of stay.
Case Rate
Is the government bureaucracy that oversees health care provision for Medicare and Medicaid beneficiaries.
CMS - Center for Medicare and Medicaid Services
Anticipated volumes of demand or output with emphasis on direct costs controllable by the responsibility center or unit.
Cost Budget
Groups of inpatient discharges with final diagnoses that are similar clinically and in resource consumption; used as a basis of payment by the Medicare program, and as a result, widely accepted by others.
DRG - Diagnostic Related Group
The costs of resources used directly in an activity that can be controlled through the unit accountable for the activity.
Direct Cost
Payment for each service provided
Fee for service
Expectations of future financial performance composed of income and expenses.
Financial Budgets
Hospital - These owned by private corporations that declare dividends or distributions to individuals.
For-Profit-Hospital
A scoring system driven by the OASIS which determines reimbursement allotment for home health care.
HHRG - Home Health Resource Group
health insurance plans emphasizing comprehensive care under a single insurance premium and using a variety of devices to control cost and quality.
HMO - Health Maintenance Organization