Quick Answer: Is Payor A Word?

What is a payor contract?

Payor Contract means any Contract whereby a Payor has engaged the Company or any of its Subsidiaries to provide, arrange for, or assume financial risk for some health care coverage, services or treatment to which such Payor’s eligible individuals are entitled..

What is member in healthcare?

Health insurance. A person covered under a health plan, either the enrollee or eligible dependent. Hospital practice. A physician, dentist, podiatrist or other who has been granted membership and admitting and clinical privileges to the medical staff of a particular hospital.

What does the word payor mean?

Legal Definition of payor : a person who pays specifically : the person by whom a note or bill has been or should be paid.

Who is a drawee?

Drawee is a legal and banking term used to describe the party that has been directed by the depositor to pay a certain sum of money to the person presenting the check or draft. … The bank that cashes your check is the drawee, your employer who wrote the check is the drawer, and you are the payee.

What is the meaning of prayer?

Prayer is, in the Christian faith and in many other spiritual traditions, a way of being and a way of relating. Prayer is a way of being: being in the moment, being present, being open. It is a way of learning to be ourselves. … Prayer is a way of relating: to God, to ourselves, to those around us.

Who is the largest payer in healthcare?

Centers for Medicare & Medicaid ServicesThe Centers for Medicare & Medicaid Services (CMS) is the single largest payer for health care in the United States. Nearly 90 million Americans rely on health care benefits through Medicare, Medicaid, and the State Children’s Health Insurance Program (SCHIP).

Is payor different?

The payee is the person who receives money from the payor. The payor is the person who pays the money to the payee. In some situations, such as when writing a check to yourself, the payee and payor can be the same person.

Who is called drawer?

The maker of a bill of exchange or cheque is called the “drawer”; the person thereby directed to pay is called the “drawee”.

Which is correct payor or payer?

As nouns the difference between payor and payer is that payor is (healthcare|medical insurance) the maker of a payment while payer is one who pays; specifically, the person by whom a bill or note has been, or should be, paid.

Is payor a Scrabble word?

PAYOR is a valid scrabble word.

What is a healthcare payor?

A payer, or sometimes payor, is a company that pays for an administered medical service. An insurance company is the most common type of payer. A payer is responsible for processing patient eligibility, enrollment, claims, and payment.

What is a payor mix?

Payer mix refers to the percentage of patients with government health plans — Medicare and Medicaid — vs. commercial or “private” insurance. As you recall, commercial insurance pays more for health care services than government plans do.