What Is Fee For Service vs Value Based in Healthcare?

Fee For Service or FFS is one of the most common payment methods in the healthcare industry. With this model, a healthcare provider, physician, therapist, or solo practitioner is reimbursed based on the number of services they provide. This includes therapy sessions and the application of specific treatments. Though it’s important to note that in an FFS model payments are not specifically bundled, which essentially means that the insurance provider, health institution, or the government payer agency needs to [...]

By |January 19th, 2022|Categories: Tips|Tags: |0 Comments

What Are Offset Payments In Accounts Receivable?

Accounts Receivable play a critical role in measuring a practice’s incoming revenue. This might be from an insurance company, private payers, public health institutions, or a patient copay. Sometimes referred to as “AR” it effectively refers to the invoices that either patients or insurance companies owe to you as a healthcare provider for the services delivered. It’s especially important for larger medical facilities and clinics, though it is critically important for small medical practices and solo practitioners who rely [...]

By |August 18th, 2021|Categories: Tips|Tags: , , |0 Comments
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