Which of the following statements about fee-for-service reimbursement is incorrect?
a. Payment may be cost based.
b. Payment may be charge based.
c. Payment may be on a prospective basis (specified beforehand)
d. Payment may be based on the number of covered lives.
e. Payment may be on a per visit basis.
Answer: d. Payment may be based on the number of covered lives.
You might also like to view...
When an applicant makes a material statement believed to be true to the best of their knowledge, the statement is considered to be a/an
A. Indemnity. B. Estoppel. C. Warranty. D. Representation.
All of the following are methods used to fund the Affordable Care Act EXCEPT
A) an excise tax on the sale of medical devices. B) reduced payments to Medicare Advantage plans. C) tort reform measures that reduce medical malpractice claims. D) savings in the Medicare and Medicaid programs from reduced fraud and abuse.