Payment

(redirected from prospective payment)
Also found in: Dictionary, Thesaurus, Medical, Legal.
Related to prospective payment: capitation

Payment

The amount required to repay a loan, including interest and fees.

Payment

The reception of compensation for a good or service. For example, if one sells a hairdryer for $10, the payment is $10. In a cash sale, payment is made immediately or almost immediately, while in a credit sale, payment may be delayed for a certain period of time.

payment

Funds given to another in exchange for goods or services or as reimbursement for money loaned.A mortgage payment may consist of interest only;it could be a combination of principal and interest; or it could also include sums for real estate taxes, property insurance, and/or private mortgage insurance. In order to use Microsoft Excel to calculate your monthly principal and interest payment for a mortgage, do the following:

1. In cell A1, place the annual interest rate.

2. In cell A2, place the number of months of the loan to fully amortize it.

3. In cell A3, place the principal amount of the loan.

4. In cell A4, write the following formula exactly: pmt(A1/12,A2,A3)

5. Cell A4 will calculate your monthly payment.

References in periodicals archive ?
Under the Home Health Prospective Payment System, implemented in 2000, facilities received a 60-day prospective payment based on patients' health characteristics, functional status, and service use, which reduced marginal payment.
I'm not trying to minimize the impact prospective payment will have on the health care industry.
Under this contract, which was awarded April 27, 1999, 3M will: (1) assist HCFA in evaluating comments on the proposed use of APCs as the basis for prospective payment for Medicare hospital outpatient and ambulatory surgical center services; (2) recommend to HCFA modifications to the APCs as warranted in response to the comments; and (3) assist HCFA in preparing written responses to the APC comments that will be published in the Federal Register in 1999 as part of the final rules for both the hospital outpatient prospective system and prospective facility payment rates for ambulatory surgical centers.
This prospective payment system was developed principally to control Medicaid nursing home expenditures, which had increased between 10 and 15 percent annually since 1978: Maine's new payment system was implemented shortly after a moratorium on new nursing home bed construction was enacted in response to a 50 percent expansion in beds between 1971 and 1978.
Competitive prospective payment builds on the experience with inpatient prospective payment for Medicare, which has resulted in significant cost savings of approximatley $20 billion per year since its implementation.
The Medicare prospective payment system is a set of fixed payment rates for hospital services provided to Medicare beneficiaries.
Both nursing homes and home healthcare agencies need to manage their staff numbers and costs within these prospective payments.
A PROPOSED REGULATION FOR CASE MIX refinement under the Medicare prospective payment system for skilled nursing facilities has been published by the Health Care Financing Administration (HCFA).
PHOENIX -- ILX Resorts Incorporated (AMEX:ILX) announced today the prospective payment of a quarterly dividend of $0.
The Postacute Payment Manual[TM] from National Health Information, LLC, contains tools to help a facility maximize reimbursement under prospective payment.
GROUPS REPRESENTING HOME HEALTH AGENCIES (HHAs) are urging the Health Care Financing Administration (HCFA) to modify the proposed prospective payment system for HHAs to ensure fair payment and cash flow.
The changes to CMS' Inpatient Prospective Payment System (IPPS), which include revisions to the relative weights associated with each Diagnosis Related Group (DRG), will be phased in over three years, starting October 1, 2006.

Full browser ?