If the patient has a policy with an insurance company in which the insurance company agrees to carry the risk of paying for those services, the insurance company is referred to as the "third party" and is therefore called a _________________________________.

Question

Quizplus · Accepted Answer

The insurance company is referred to as a "third-party payer" because it is the third party in the healthcare transaction, paying for services on behalf of the patient.

If the Patient Has a Policy with an Insurance Company