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 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:
When is a CMS 1500 form used?
A: The CMS 1500 form is a claim form used by health care providers to file for payment of Medicare and Medicaid claims. The form is published by the Centers f... Full Answer >Filed Under: -
Q:
Can Medicare benefits be received before age 65?
A: Medicare is available for individuals under the age of 65 who are disabled and receiving Social Security disability insurance payments, or who have been di... 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A: The Medicare premium taken from Social Security payments in 2007 is available on an archived document stored in the database of the Social Security Adminis...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:
You May Also Like
-
Q:
What are some highly-rated dental plans?
-
Q:
How does the MassHealth Dental Portal work?
-
Q:
What is a corgi and sheltie mix?
-
Q:
Does the VA Eastern Colorado Health Care System offer outpatient services for veterans?
-
Q:
What can you do during open enrollment for your benefits?
-
Q:
How do Medicare patients qualify for home-health help?
