nnyyy1104 nnyyy1104
  • 02-09-2020
  • Business
contestada

Why have many insurers replaced retrospective reimbursement methods with prospective payment methods

Respuesta :

sandlee09
sandlee09 sandlee09
  • 03-09-2020

Answer:

have more control over financial risk

Explanation:

The main reason for this switch was to be able to have more control over financial risk. This is because, in a prospective payment system, most of the risk is moved to the provider's side. This ultimately allows the provider to take the necessary actions in order to control/minimize/or adjust the amount of risk that is present in a specific transaction/scenario.

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