Definition of Payer

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TeachMeFinance.com - explain Payer



Payer

The term 'Payer ' as it applies to the area of Medicare in the United States can be defined as ' In health care, an entity that assumes the risk of paying for medical treatments. This can be an uninsured patient, a self-insured employer, a health plan, or an HMO'.

Previous 5 Terms:
pavonian
pavonine
Pay formation
Payables to municipality
Pay-As-You-Go Financing
Next 5 Terms:
Payerid
Payline
payload
Payment
Payment limitation




About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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