Q:
What is payer mix?
A:
Quick Answer
Payer mix is a type of financial payment received by a medical practice, including Medicare, Medicaid, indemnity insurance, managed care and individual payments. It is the percentage of income that a medical facility receives from private and government insurance sources versus self-payments from patients.
Continue ReadingFull Answer
Payer mix impacts the financial status of a medical facility as Medicaid and Medicare pay less than the cost of treatment, somewhere between 60 and 80 percent of the actual cost of services rendered. To ensure the ongoing success of medical offices and centers, administrators continually analyze payer mix and adjust what amount of each payment type to accept.
Learn more about Health InsuranceRelated Questions
-
Q:
What information is necessary to file a Medicare claim?
A: Health care providers and medical suppliers who submit claims for payment by Medicare Part B on form CMS-1500 must include specific information about the p... Full Answer >Filed Under: -
Q:
What has been the impact of medicare on the healthcare system?
A: Impacts of Medicare on the health care system include more affordable health care insurance for the elderly, the development of new health care research an... Full Answer >Filed Under: -
Q:
How do you find the Medicare premium taken from Social Security payments in 2007?
A: The Medicare premium taken from Social Security payments in 2007 is available on an archived document stored in the database of the Social Security Adminis... Full Answer >Filed Under: -
Q:
What are different ways to make Medicare Part B payments?
A: One method of making Medicare Part B payments is to have the payments deducted from the individual’s Social Security, civil service or railroad retirement ... Full Answer >Filed Under:
You May Also Like
-
Q:
What areas of the country does United Medical Resources offer health insurance?
-
Q:
What types of coverage are available for the CIGNA PPO plan?
-
Q:
What has been the impact of medicare on the healthcare system?
-
Q:
How do you register for Obamacare?
-
Q:
What is a Medicare modifier?
-
Q:
What kind of cookies can you make using brownie mix?
