prospective payment


payment

 [pa´ment] remuneration in exchange for goods or services.prospective payment payment to a health care facility at a predetermined rate for treatment regardless of the cost of care for a specific individual patient.third party payment payment of hospital or other health care bills by a source other than the patient; the most common sources are private or governmental insurance. Called also third party reimbursement.

pro·spec·tive pay·ment

(prŏs-pek'tiv pā'mĕnt) Reimbursement for services made in advance or without services having yet been performed.