payor


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payor

Medical practice A company or an agency that purchases health services

payor

, payer (pā'ŏr, -ĕr)
The person paying the bill, satisfying the claim, or settling a financial obligation.
References in periodicals archive ?
Many times, especially when dealing with unconscious patients or with motor vehicle accidents, you don't have the ability to ask them about insurance coverage-making Payor Logic's technology and services essential to our bottom line.
If there are two or more reductions at times when the children of the payor parent are not different by more than 24 months, the reduction is presumed to be child support.
No other product offers the promise of accommodating currently unknown future market requirements with the speed and flexibility of HealthRules Payor," said Rob Gillette, CEO of HealthEdge.
There was concern that some payors had improperly reported gross-proceeds payments in an income box on Form 1099-MISC.
76 percent of payors are considering adoption of an ACO model;
The HCIN "electronic highway" enables providers to instantly verify patient eligibility and benefit coverage, out-of-pocket expenses and coverage exceptions for people insured under managed care and indemnity programs offered by multiple payors.
The first video, "An Overview of Payor Market Challenges," can be found on the HealthEdge Web site (www.
6413(a)-3, under which a payor refunds the withheld tax directly to the retirement trust.
EDITORS' NOTE: For the first time, healthcare providers can electronically communicate with a multitude of payors in seconds -- exchanging information critical to the success of managed competition, simplifying the reimbursement process and reducing administrative costs.
In fact, the regulations specifically provide in Example 1 that, if a payor makes a joint payment to an attorney and his client that represents wages to the client, the payor must issue both a Form W-2 to the client for the gross amount of the payment, as well as a Form 1099-MISC to the attorney, for either the gross amount of the payment if the payor does not know the amount of the attorney's fee (reportable in box 13, according to the 1999 Form 1099-MISC instructions, coded "A") or the attorney's fee if the payor knows that amount (reportable in box 7 of Form 1099-MISC).
The hybrid branch is created in a low-tax jurisdiction; therefore, the corresponding income recognition is taxed at a lower rate than the payor is subject to.
In provider and payor administrative offices from coast to coast, EDI is a welcome change from time-consuming and cumbersome paperwork.