Name three major payment methods in healthcare Explain how each payment method is done

Name three major payment methods in healthcare

Explain how each payment method is done

Expert Solution

Major payment methods in healthcare:-

1) by cheques

2) by RTGS

3) By demand drafts(DD)

1)by cheques:- a cheque is provided to in the name of hospital or health care institution by customer or patients . Cheque should be valid i.e. it should refer to the correct account holder and it must not bounce i.e. account must have the amount equal to the that has to be paid.

2) By RTGS/NEFT :- One can pay to health care institution directly by this procedure. Customer/patient can go to bank in which he/she has an activated account and by the use of account number and ifsc code related to health care institution bank account. Payment is done within 7 days .

3) By Demand Draft:- this procedure also needs the customer to use his/her account holding banking branch. Procedures for these payment methods can easily be explained by banks.

All these payment methods have different service charges. These depend upon banks and different payment methods.

Nightingale answered 2 years ago

Name three methods for nanomaterial synthesis. Briefly explain each method. You may use sketches to illustrate...

Name three methods for nanomaterial synthesis. Briefly explain each method. You may use sketches to illustrate your answers.

Describe the major prospecting methods and give examples of each method

Describe three different methods for the detection exoplanets. For each method, explain what type of exoplanet...

Describe three different methods for the detection exoplanets. For each method, explain what type of exoplanet is the method most sensitive for detecting? i.e. large vs. small, close in vs. far out from its host star, cold vs. hot, massive vs. low mass

Name and explain three processes that done after printing the design to have it in its...

Name and explain three processes that done after printing the design to have it in its final state? Do all technologies need those processes, which one needs minor after processing? 3D printing

There are many payment methods/systems/platforms for eCommerce sites. Do the following: Name 3 different payment methods....

There are many payment methods/systems/platforms for eCommerce sites. Do the following: Name 3 different payment methods. AND Tell me 1 advantage (PRO) and 1 disadvantage (CON) for each of the 3 different type

QUESTION THREE [25] PAYMENT METHODS FOR TRADING INTERNATIONALLY There are several basic export payment methods available...

QUESTION THREE [25] PAYMENT METHODS FOR TRADING INTERNATIONALLY There are several basic export payment methods available for international transactions. The amount of trust in the buyer‟s ability and willingness to pay is a major factor that determines the method of payment. Over the years documentary letters of credit have been considered to be a safe mode of payment in international trade for both exporters and importers. Source: www.bizmove.com In view of the above discuss letters of credit as a payment...

Name three professions related to kinesiology and explain how each will benefit from a knowledge of...

Name three professions related to kinesiology and explain how each will benefit from a knowledge of biomechanics.

Discuss/explain the three main methods of calculating depreciation. How does a business choose which method to...

Discuss/explain the three main methods of calculating depreciation. How does a business choose which method to use? Is depreciation a good thing or a bad thing? Explain

What are the four major-government sponsored insurance programs? Name and describe three methods used by most...

What are the four major-government sponsored insurance programs? Name and describe three methods used by most payers to set the fees that health plans will pay physicians. Why is it important to understand which services are and are not covered by the patient's insurance plan?

Explain the three major tools of monetary policy. Discuss how each is used in terms of...

Explain the three major tools of monetary policy. Discuss how each is used in terms of stages of the business cycle-- specifically in the expansion and recession phases?

Question