(SOLVED) provided payment for physician care, but not for hospital care.
Type of Paper: Question-Answer
Academic Level: Undergrad. (yrs 1-2)
Paper Format: APA
insurers began offering commercial insurance plans in the 1930s. the first insurance plans:
B) Provided payment for physician care, but not for hospital care.
The most popular reimbursement scheme includes fee-for-service (FFS), which would be exactly as it sounds like: providers charge a code for each service provided, including supplies. If a patient has a laceration and requires stitches, the provider is reimbursed for both the physician visit and the operation.
A capitated pricing structure could contain provider incentives when physicians cut costs, minimise use, and enhance patient outcomes, but it usually has fewer options than other payment models. By withholding a specific percentage of payments, payers can occasionally form an insurance pool for providers.