Capitation Refers to a Method of Payment in Which Reimbursement

question 27

True/False

Capitation refers to a method of payment in which reimbursement to the health care provider is set after the service is provided.

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Definitions:

Check Register

A record of checks written, deposits made, and balances in a checking account.

Vouchers Payable

An accounting term that represents the obligation of a business to pay for goods or services that have been received, but not yet paid for.

Purchases Discount

A contra-cost account in the general ledger that records discounts offered by vendors of merchandise for prompt payment of purchases by buyers.

Merchandise

Goods brought into a store for resale to customers.