Which of the Following Is a Billing System in Which

question 40

Multiple Choice

Which of the following is a billing system in which a health care provider charges a payer a set amount for a specific service?

• A) Prospective payment system
• B) Fee-for-service system
• C) Insurance-based system
• D) None of the above

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Definitions:

Price Skimming

A pricing strategy where a firm charges the highest initial price that customers will pay for a new product or service, then gradually lowers the price to attract more price-sensitive consumers.

Penetration Pricing

A marketing strategy where the initial price of a product is set lower than the eventual market price to attract new customers and gain market share.