News tagged with payment

House, Senate leaders agree on Medicare fees

House Speaker John Boehner says he and top Senate Democrat Harry Reid have reached an agreement on legislation to forestall a looming 24 percent cut in Medicare payments to doctors.

Mar 26, 2014
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Bundled payments come to gastroenterology

Patients want physicians to provide high-quality care and the health system requires good value for physician work. To help gastroenterologists achieve these goals, the American Gastroenterological Association (AGA) has developed ...

Mar 24, 2014
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Congress confronts Medicare cuts to doctors' fees

Hope is fading for a Capitol Hill drive to permanently fix Medicare's outdated payment formula and spare doctors from automatic cuts in their fees next month. Now the question is whether lawmakers can regroup and come up ...

Mar 21, 2014
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Report reveals payment methods for physicians

(HealthDay)—Many physicians in non-solo practice settings are paid using different methods, with just over half receiving all or most of their compensation from salary, according to a report from the American ...

Jan 30, 2014
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Alternative to Medicare sustained growth rate proposed

(HealthDay)—A proposed alternative to the Medicare sustained growth rate (SGR) formula for physicians encourages Medicare to adopt advanced primary care practice (APCP) as a new provider category, according ...

Dec 26, 2013
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CMS finalizes 2014 physician payment rates, policies

(HealthDay)—The final payment rules for 2014 include a proposal to support care management outside the routine office interaction and policies to promote high quality care and efficiency, according to a ...

Dec 10, 2013
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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