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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.
Miller-Keane Encyclopedia and Dictionary of Medicine, Nursing, and Allied Health, Seventh Edition. © 2003 by Saunders, an imprint of Elsevier, Inc. All rights reserved.

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.
McGraw-Hill Concise Dictionary of Modern Medicine. © 2002 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
A common goal within accounts payable (A/P) departments is to eliminate all paper-based payments, but very few organizations have reached this goal.
The following describes how the CSX case and another--on payments to tenured teachers--played out in the appeals courts.
And because of those concerns, the DAV has consistently opposed lump sum payments for nearly a decade."
The IRS had posted the payments as advance payments of tax.
The two court decisions have spawned uncertainty about the proper treatment of non-competition payments received in connection with the sale of a business (whether of shares in a corporation or an interest in a partnership).
Built in partnership with Accuity (formerly TFP, Thomson Financial Publishing), EPN's OFAC solution screens cross-border corporate and retail ACH payments against a centralized OFAC list and identifies suspect transactions.
The money she saved is significant: By making the equivalent of two extra payments a year, Brigman was on track to have her first house paid off in 17 years, paying $44,883.21 in interest versus the $91,924.83 she would have paid had she stuck to the 30-year payment plan, according to an amortization calculator at www.eloan.com.
We offer STAFFORD and PLUS loan programs that reward borrowers for automatic withdrawals and consecutive on-time payments. Our PLUS loan programs also offer parents the option to delay payments for up to 48 months while their son or daughter is attending school.
Then they log on, enter their security information (the combination of TIN, PIN and Internet password), and make secure payments for any and all federal taxes 24 hours a day, 7 days a week.
The Federal Reserve Board on September 23, 2004, announced that it has revised its Policy Statement on Payments System Risk concerning interest and redemption payments on securities issued by government-sponsored enterprises (GSEs) and certain international organizations.
Electronic workflow and exception management, using client-defined business rules, enable organizations to ensure the security and control of all payments, including accounts payable, payroll, travel and entertainment, insurance claims payments, dividends, refunds and the associated compliance documents.
The medical practice accepted each of the five payments over and over again, even though only one was correct.