fee-for-service

Fee-for-service is a standard business model where services are unbundled and paid for separately.

In the health insurance and the health care industries, fee-for-service occurs 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, a broker may charge for showing trips or other services ^[3].

References

See also

• Charge specification (finance)

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