payment (redirected from progress payment)

payment [pa´ment]

remuneration in exchange for goods or services.

prospective payment payment to a health care facility at a predetermined rate for treatment regardless of the cost of care for a specific individual patient.

third party payment payment of hospital or other health care bills by a source other than the patient; the most common sources are private or governmental insurance. Called also third party reimbursement.

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payment,

n the performance of a duty or promise; the discharge of a debt or liability by the delivery of money or something else of value.

payment, progress,

n the interim payments by the purchaser of a dental plan contract to the carrier for use as an operating fund. A final accounting is always completed when actual costs are paid.

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payment

Vox populi A wad of cash given for a service rendered or product received. See Bonus payment, Bundled payment, Pass-through payment, Prospective payment.