third-party reimbursement
A general term applied to health care benefit payments. It
derives from the fact that under normal market transactions, there are only two parties,
the consumer and the supplier, but under a benefit plan, a third
party (e.g., government, an insurance company, an employer, etc.) is ultimately
responsible to pay the costs of services provided to covered persons.*
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*Extracted from Family Physicians
and Managed Care: A View to the 90's: (paperback 1993) with permission from American Academy of Family Physicians
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