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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.

Quality Adjusted Life Years (QALYs)

A measure of success for a medical treatment or health intervention that looks at the life years gained but adjusted for the patient's quality of…