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Related to prospective payment: capitation
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.
pro·spec·tive pay·ment(prŏs-pek'tiv pā'mĕnt)
Reimbursement for services made in advance or without services having yet been performed.