Physician payment refers to the methods and rates at which healthcare providers are compensated for their services, often influenced by factors such as insurance coverage, healthcare policies, and negotiated contracts. It is a critical element in healthcare systems, impacting the accessibility, quality, and efficiency of medical care provided to patients.
Provider compensation refers to the methods and structures used to remunerate healthcare providers for their services, influencing their behavior and impacting healthcare costs, quality, and accessibility. It encompasses various models, such as fee-for-service, capitation, and value-based payment, each with distinct incentives and implications for healthcare delivery.
Reimbursement rate refers to the amount of money that a service provider is paid by an insurer or government program for a specific service or procedure. This rate impacts healthcare providers' financial operations and can influence the availability and quality of services offered to patients.
Per Member Per Month (PMPM) is a way to figure out how much money is spent on each person every month for their health care. It's like counting how many cookies each friend gets if you share a big cookie jar every month.