payers

Payers are organizations or entities that finance or reimburse the costs of healthcare services. This includes insurance companies, government programs like Medicare and Medicaid, and employers who provide health benefits to their employees. Payers negotiate with healthcare providers regarding the cost of services and determine what services will be covered and at what rate. Essentially, they play a crucial role in the healthcare system by managing financial transactions between patients and providers, ensuring that medical services are paid for and accessible to those in need.