Fee-for-service
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Fee-for-service is a standard business model where services are unbundled and paid for separately.
In Health insurance and the health care industry fee-for-service involves when doctors and other health care providers receive a fee for each service such as an office visit, test, procedure, or other health care service[1]. Fee-for-service health insurance plans typically allow patients to obtain care from doctors or hospitals of their choosing[1], but in return for this flexibility they may pay higher copayments or deductibles[2]. Patients frequently pay providers directly for services, then submit claims to their insurance company for reimbursement[2].
In Real Estate, the fee-for-service model of paying a broker provides an alternative to paying commission. In the fee-for service pricing model can a broker may charge for showing trips or other services [3].
References
- ↑ 1.0 1.1 FEHB Glossary. Retrieved May 31, 2006.
- ↑ 2.0 2.1 InvestorWords.com: "fee-for-service". Retrieved May 31, 2006.
- ↑ ABout.com Real Estate Business definitions http://realestate.about.com/od/df/g/deffeeforsvc.htm
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Acknowledgement and Attribution Regarding Sources of Content
Some of the initial content on this page may be incorporated in part from copyleft sources in the public domain including wikis such as Wikipedia and AskDrWiki. Drug information for patients came from the The National Library of Medicine. Infectious disease information may have come from the Centers for Disease Control (CDC). Differential Diagnoses are drawn from clinicians as well as an amalgamation of 3 sources: 1.The Disease Database; 2. Kahan, Scott, Smith, Ellen G. In A Page: Signs and Symptoms. Malden, Massachusetts: Blackwell Publishing, 2004:3; 3. Sailer, Christian, Wasner, Susanne. Differential Diagnosis Pocket. Hermosa Beach, CA: Borm Bruckmeir Publishing LLC, 2002:7 .
