In reimbursement, the insurance company or other organization financially responsible is known as the ________-party payer.

Question

Quizplus · Accepted Answer

The insurance company or other organization that is financially responsible for paying out the benefits is known as the third-party payer. The first-party is the individual who receives the benefits and the second-party would be the healthcare provider who renders the services. The fourth-party payer is not a commonly used term in the healthcare industry.

In Reimbursement, the Insurance Company or Other Organization Financially Responsible