Third Party Billing Refers to the Payment of Many Health

question 8

True/False

Third party billing refers to the payment of many health care bills by insurance companies rather than by patients.

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Definitions:

Significant Influence

The capacity of an investor to affect the financial or operating policies of an investee, typically through ownership of a significant but not majority share.

Retained Earnings

The portion of a company's profit that is held or retained and not paid out as dividends to shareholders.

Interest Rate Swap

A financial derivative contract in which two parties agree to exchange one stream of interest payments for another, based on a specified principal amount.