Third-party payers negotiate fees for services.If it cost the hospital $2,000 for costs associated with placing a PICC line and the insurance company has negotiated to pay 40% of the cost,how much will the hospital receive?

Question

Quizplus · Accepted Answer

Third-party payers typically contract with the health care organizations for the amount that the third-party payer is willing to pay or reimburse.This is important because the total revenue does not mean the hospital will be reimbursed 100% for their costs.40% of $2,000= $800.

Third-Party Payers Negotiate Fees for Services