Fee-for-service

Fee-for-service

Fee-for-service is a standard business model where services are unbundled and paid for separately.

In Health insurance and the health care industry fee-for-service involves when doctors and other health care providers receive a fee for each service such as an office visit, test, procedure, or other health care service [http://www.opm.gov/insure/health/about/glossary.asp FEHB Glossary.] Retrieved May 31, 2006.] . Fee-for-service health insurance plans typically allow patients to obtain care from doctors or hospitals of their choosing, but in return for this flexibility they may pay higher copayments or deductibles [http://www.investorwords.com/5569/fee_for_service.html InvestorWords.com: "fee-for-service".] Retrieved May 31, 2006.] . Patients frequently pay providers directly for services, then submit claims to their insurance company for reimbursement.

In Real Estate, the fee-for-service model of paying a broker provides an alternative to paying commission. In the fee-for service pricing model can a broker may charge for showing trips or other services [ ABout.com Real Estate Business definitions http://realestate.about.com/od/df/g/deffeeforsvc.htm ] .

References


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Look at other dictionaries:

  • fee-for-service — UK US adjective [before noun] US ► a fee for service payment is one in which a person pays a particular amount of money for medical treatment according to the type of treatment they receive: »Some people pay their doctors using traditional fee… …   Financial and business terms

  • fee-for-service — fee for ser·vice .fē fər sər vəs n separate payment to a health care provider for each medical service rendered to a patient often used attributively <a fee for service group plan> …   Medical dictionary

  • fee-for-service — /fee feuhr serr vis/, adj. pertaining to the charging of fees for specific services rendered in health care, as distinguished from participating in a prepaid medical practice: fee for service medicine. * * * …   Universalium

  • fee-for-service — ˌ ̷ ̷  ̷ ̷ ˈ ̷ ̷  ̷ ̷ noun Usage: often attributive : separate payment to a health care provider for each medical service rendered to a patient * * * /fee feuhr serr vis/, adj. pertaining to the charging of fees for specific services rendered in… …   Useful english dictionary

  • fee-for-service — noun Usage: often attributive Date: 1945 separate payment to a health care provider for each medical service rendered to a patient < a fee for service health plan > …   New Collegiate Dictionary

  • fee-for-service — /fi fə ˈsɜvəs/ (say fee fuh servuhs) adjective of or relating to a system whereby doctors receive payment for specific services to patients rather than receiving a salary …  

  • Fee for service (FFS) — In health care, a payment mechanism in which a provider is paid for each individual service rendered to a patient …   Medical dictionary

  • Fee-for-carriage — Fee for carriage, value for signal,[1] negotiation for value, or the TV tax all refer to a proposed Canadian television regulatory policy which would require cable and satellite television companies to compensate conventional, over the air… …   Wikipedia

  • fee — n. 1) to charge a fee 2) to split fees (as of lawyers, doctors) 3) to waive one s fee 4) a fat, large; nominal fee 5) an admission, entrance; contingency; laboratory; membership; registration fee 6) a fee for (a fee for service) 7) for a fee (for …   Combinatory dictionary

  • Fee — For other uses see Fee (disambiguation) A fee is the price one pays as remuneration for services. Fees usually allow for overhead, wages, costs, and markup. Traditionally, professionals in Great Britain received a fee in contradistinction to a… …   Wikipedia

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