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TeachMeFinance.com - explain Payment Rate Payment Rate The term 'Payment Rate ' as it applies to the area of agriculture can be defined as ' Generally, the amount paid per unit of production (i.e., bushel, pound, hundredweight) to each participating farmer for eligible production under commodity income and price support programs'. The term 'Payment Rate ' as it applies to the area of Medicare in the United States can be defined as ' The total payment that a hospital or community mental health center gets when they give outpatient services to Medicare patients'. Previous 5 Terms: payload Payment Payment limitation Payment method for utilities Payment quantity Next 5 Terms: Payment Safeguards Payment-in-kind (PIK) Payments in lieu of taxes (PILT) Payroll Taxes PBIS 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". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.