Third party Reimbursement exists the term that describes payment by someone other than the patient for services rendered.
<h3>What is Third party Reimbursement?</h3>
Compensation for services rendered by a third party as opposed to the person receiving the services is referred to as third party reimbursement. When a patient receives treatment, this is most frequently observed in the context of health care, where an insurance company pays the provider of the service. Fee for Service (FFS), Capitation, and Bundled Payments / Episode-Based Payments have historically been the three main types of compensation in the healthcare industry.
Anyone who pays for medical care but is not the patient is said to be making a "third-party payment." This organis1ation could be either public or private. Instead of using insurance premiums to pay healthcare providers, the government uses money from taxes paid by existing workers.
The payer, an insurance company or health agency that is not directly involved in the patient's care and pays the doctor, clinic, or other second-party provider for the treatment or services provided to the first party is the third party (patient).
Hence, Third party Reimbursement exists the term that describes payment by someone other than the patient for services rendered.
To learn more about Third party Reimbursement refer to:
brainly.com/question/28156866
#SPJ
