Fee-for-service

Fee-for-service is a standard business model where services are unbundled and paid for separately.

In Health insurance and the health care industry fee-for-service involves when doctors and other health care providers receive a fee for each service such as an office visit, test, procedure, or other health care serviceFEHB Glossary. Retrieved May 31, 2006.. Fee-for-service health insurance plans typically allow patients to obtain care from doctors or hospitals of their choosing, but in return for this flexibility they may pay higher copayments or deductiblesInvestorWords.com: "fee-for-service". Retrieved May 31, 2006.. Patients frequently pay providers directly for services, then submit claims to their insurance company for reimbursement.

In Real Estate, the fee-for-service model of paying a broker provides an alternative to paying commission. In the fee-for service pricing model can a broker may charge for showing trips or other services ABout.com Real Estate Business definitions http://realestate.about.com/od/df/g/deffeeforsvc.htm .

References

This health-related article is a stub. You can help Wikipedia by expanding it.

This article is licensed under the GNU Free Documentation License. It uses material from Wikipedia