News tagged with payment

Medicare spine surgery payments vary widely

(HealthDay)—There is wide variation in Medicare payments for episodes of spine surgery across hospitals, according to a study published in the Dec. 1 issue of The Spine Journal.

Dec 02, 2014
popularity 0 comments 0

AMA proposing specialty care, payment models to CMS

(HealthDay)—The American Medical Association (AMA) and other specialty societies have created new care delivery and payment models that they expect to be supported by the Centers for Medicare & Medicaid ...

May 18, 2014
popularity 0 comments 0

Payment

A payment is the transfer of wealth from one party (such as a person or company) to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation.

The simplest and oldest form of payment is barter, the exchange of one good or service for another. In the modern world, common means of payment by an individual include money, cheque, debit, credit, or bank transfer, and in trade such payments are frequently preceded by an invoice or result in a receipt. However, there are no arbitrary limits on the form a payment can take and thus in complex transactions between businesses, payments may take the form of stock or other more complicated arrangements.

In law, the payer is the party making a payment while the payee is the party receiving the payment.

This text uses material from Wikipedia licensed under CC BY-SA