Tweet This

Fee-for-Service

A method of paying for health or medical services. Doctors and hospitals are paid for each individual service they provide to the patient. Bills can be paid in two different ways; paid by the patient who submits the claims to the insurance company or the provider can submit for reimbursement to the patient's insurance carrier.

Subsidy

Refers to a monetary assistance granted by a government to assist an industry, business, or individual so that the price of a commodity or service…