Payment Agreements That Outline, in a Written Fee Schedule, Exactly

question 37

Multiple Choice

Payment agreements that outline, in a written fee schedule, exactly how much money the insurance carrier will pay the physician for each treatment and/or service provided, are known as ________.

• A) FFS pans
• B) capitation plans
• C) point-of-service plans
• D) HMO plans

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Definitions:

Transaction

The action or process of conducting business or commercial exchanges, including buying, selling, or transferring goods, services, or funds.

UCC

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States, aimed at standardizing regulations across state lines to facilitate smooth commerce.

Warranty

A legal guarantee provided by a seller regarding the condition, quality, or performance of a product or service.

Fitness for Particular Purpose

A guarantee that a product will meet the specific needs or uses the buyer informs the seller about at the time of purchase.