Differences between a nonprofit hospital's established rates and amounts negotiated with third-party payers are referred to as:

Question

Quizplus · Accepted Answer

Explicit concessions are those agreed to as part of a contract-for example the contractual rate adjustments agreed to with third-party payers, such as Medicaid or Blue Cross. Explicit concessions include discounts granted to various persons, such as employees, and retrospective adjustments.

Differences Between a Nonprofit Hospital's Established Rates and Amounts Negotiated