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Define exactly what the prospective payment system is

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Question - Accurate coding of records is vitally important in the reimbursement process. Facilities are paid differently and at different rates based on the healthcare setting and the severity of the illness of the patients they treat. One of the most popular reimbursement methods is the Prospective Payment System (PPS). Define exactly what the prospective payment system is. Is this a bad or good method for paying for healthcare services and list why it is bad or good.

Reference no: EM132936441

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