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Reimbursment Methodo

QuestionAnswer
Ambulatory Payment Classification (APC) Utilized by Medicare and ither carriers for outpatient facility reimbursement. Facilities are paid based on fixed fee based on procedures provided by the facility
Capitation Generally utilized by managed car eplans. Methodologies is based on monthly pre-member-per-month )(PMPM) fee fr each enrolled member
Case Rate set rate paid to facility for the entire case
Contract Rate set rate as agreed upon in prearranged-upon contract
Diagnosis Related Group (DRG) inpatient reimbursement methodology where the facility is paid fixed fee for the patient's Diagnosis or condition
Fee-For-Service Fee scheduled for each service medically necessary and provided by facility
Fee Schedule Schedule for allowances for each service provided by the facility that is medically necessary
Flat Rate Reimbursement methodology is based on a set rate per each admission, regardless of total charges
Per Diem set rate per day
Resource-Based Relative Value Study Each code/procedure is assigned a set value that is comprised of multiple components, such as a physicians time, skill, practice overhead, and malpractice `
Usual, Customary , and Reasonable (UCR) reimbursement is based on usual fee, customary fee, and reasonable fee, which ever is less
Created by: IzzyMOA
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