reimbursement rates

Reimbursement rates refer to the amount of money that healthcare providers, like doctors or hospitals, receive from insurance companies or government programs for the services they provide to patients. These rates are typically set in advance and can vary depending on the type of service, the provider’s location, and the insurer’s policies. Essentially, reimbursement rates determine how much a provider gets paid for each treatment or procedure, helping to regulate healthcare costs and income. They play a key role in balancing fair compensation for providers with affordable care for patients.