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TeachMeFinance.com - explain Prospective Payment System Prospective Payment System The term 'Prospective Payment System ' as it applies to the area of Medicare in the United States can be defined as ' A method of reimbursement in which Medicare payment is made based on a predetermined, fixed amount. The payment amount for a particular service is derived based on the classification system of that service (for example, DRGs for inpatient hospital services)'. Previous 5 Terms: prosodic prosody prosopic Prospecting Prospecting costs Next 5 Terms: prospectus prostatolith Protected Health Information Protective Action Protective action decision making (recommendations) 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.