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What is third party payment?
Reimbursement or other compensation paid by a person or organization that wasn't directly involved in the event that gave rise to the payment (i.e., a 'third party'). For example, you undergo medical treatment. Your insurance company (the third party) reimburses your medical provider.
What is a third-party payment?
Reimbursement or other compensation paid by a person or organization that wasn't directly involved in the event that gave rise to the payment (i.e., a 'third party'). For example, you undergo medical treatment. Your insurance company (the third party) reimburses your medical provider.
What does an idemnity clause mean in health insurance?
An idemnity clause in health insurance means that a sum is paid by a party to another party by way of compensation for a particular loss suffered by the party receiving payment.
Illustrate with a 3rd party health service provider especially what is the money flow before and after 3rd party service provider?
Ete 451 MAA sir er course naki vai??
What is the definition of a customer?
A customer is a person or party who receives a service or product in exchange for a payment of some sort. Customers may also be referred to as clients, buyers, or purchasers.
What is the definition of a 'payor'?
A payment is the transfer of wealth from one party (such as a person or company) to another. A payer is the party making a payment. The payee is the party receiving the payment.
Who is the second party payer?
The term "second party payer" typically refers to an entity that pays for services or goods in a transaction where the first party is the service provider or seller, and the third party is the consumer or buyer. In the context of healthcare, for example, the second party payer could be an insurance company that pays for medical services on behalf of a patient (the third party) to the healthcare provider (the first party). The second party can also refer to any intermediary involved in the payment process.
What is a third party payor?
An organization other than the patient, first party or health care provider, second party, involved in the financing of personal health services (insurance company).
What is the party called responsible for payment an obligation?
The debtor is the party responsible for payment obligation on an account.
What is Secure Online Payment?
Transfer of your card details and details of a transaction via a secure connection to an online payment provider (either the merchant will have an in-house system or they will use a 3rd party gateway) who will then arrange the transaction between your card company and the merchant's bank.
What exactly is an annuity settlement?
An annuity settlement is a financial or insurance arrangement where the insured party receives periodic payments from the accused. The accused may then transfer their periodic payment responsibilities to an organized settlement organization.
Who is a third party payer?
If this question pertains to the medical field. The first party is the patient. The second party is the care provider. The third party would be the company that pays the care provider.
