basic DRG payment rate
basic DRG payment rateThe payment that a hospital receives for a Medicare patient in a particular diagnosis-related group (DRG); the rate is calculated by adjusting the standardised amount to reflect wages and non-wage cost-of-living differences in the hospital’s geographic area and the cost of the DRG.
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basic DRG payment rateManaged care The payment a hospital receives for a Medicare Pt in a particular DRG; the rate is calculated by adjusting the standardized amount to reflect wages and non-wage cost of living differences in the hospital's geographic area and cost of the DRG. See DRG, Standardized amount.
McGraw-Hill Concise Dictionary of Modern Medicine. © 2002 by The McGraw-Hill Companies, Inc.