In: Operations Management
introduction about patient reimbursement and insurance
insurance is the term or concept which provide protection to the people (in terms of monetary benefit) against some event (like accident , admitted in hospital etc)
healthcare services provider paid by insurance company or government by reimbursement.person or individual has to take insurance policy from the service provider for that they have to fill form and pay some amount to the insurance service provider as per policy. premium has to pay to the insurance company on particular interval.
when that person get hospitalise hospital can send expenses occur for the patient by sending bills to the mediclaim service provider and that company will do reimbursement for the same. while doing reimbursement company will not reimburse all the money which occurs during the the treatment. as per policy mediclaim company will reimburse some percent of money to the hospital like 90%, 80% that depend on the policy which person is taking. another way of reimbursement is patient can pay to hospital whatever charges incurred while taking treatment and after discharge he can submit bills to the insurance company and can get reimbursement.