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.
O
- Out-of-Pocket ModelOOP Health System, Direct-Payment Health System
- A financing arrangement in which patients pay directly for care at the point of service, with little or no pooled prepayment to spread risk.
P
- PrepaymentAdvance Payment, Prepaid Financing
- A financing mechanism in which individuals contribute funds toward future healthcare costs before they are incurred, through taxation or premiums.