When a Third-Party Payer Establishes the Amount of Money That

question 29

Multiple Choice

When a third-party payer establishes the amount of money that will be paid for the delivery of a particular service before offering the service to the client,it is called:

• A) retrospective reimbursement.
• B) prospective reimbursement.
• C) fee-for-service.
• D) capitation.

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Definitions:

Deposits

Funds placed into a bank account for safekeeping or as a pledge as part of a financial transaction.

Certified

Officially recognized as possessing certain qualifications or meeting specific standards.

Forges

The act of illegally copying or fabricating something, usually documents, artwork, or currency, with the intent to deceive.

Suffers The Loss

Experiencing negative consequences, usually financial, as a result of an event, decision, or action.