Dictionary
The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.
B
- Blended PaymentMixed Payment, Hybrid Payment Model
- An arrangement combining elements of two or more payment methodologies, such as fee-for-service and capitation, to balance incentives and risk.
F
- Fee-for-ServiceFFS, Per-Service Payment
- Fee-for-service is a provider-payment method in which each eligible health-care service generates a separate payment according to an applicable fee or contract.
- Fee-For-Service IncentiveVolume Incentive, FFS Volume Incentive
- The financial incentive within fee-for-service payment where revenue rises with service volume, independent of necessity or value of care given.
P
- Provider PaymentProvider Reimbursement, Payment Mechanism
- Provider payment refers to the methods and arrangements through which healthcare providers are paid for delivering services, including fee-for-service, capitation, bundled payments, salaries, global budgets and value-based payment.
- Provider Payment ReformPayment Reform, Alternative Payment Model
- Efforts to change how providers are reimbursed, moving away from fee-for-service toward models better aligned with high-value, coordinated care.
V
- Value-Based PaymentVBP, Outcome-Linked Payment
- A general term for arrangements tying provider reimbursement to quality, efficiency, or outcomes, rather than volume alone under fee-for-service.