What is a cost-payment basis


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What is a cost-payment basis? What is a cost-payment basis? An agreed upon 80% payment rate with the payer. A predetermined payment amount. Uses the provider's cost as a basis that is negotiated beforehand. It's the provider's ratio of cost to charges multiplied by the total charges for a specific claim. The insurance payer pays based on a relationship to your actual prices charged to the patient.

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Microeconomics: What is a cost-payment basis
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