Reimbursement In The Insurance Industry

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Reimbursement remains an important consideration in the development and marketing of medical devices and procedures. Difficulty in obtaining coverage, coding, and payment can be a significant barrier to the commercial success of a new product or method. Physicians and hospitals are paid by insurance or government payers through a system of reimbursement. They provide medical services to a patient and then file for reimbursement with the insurance company or government agency. It is not the patient who is paying out of pocket and getting reimbursed; it is the doctor who is providing a service and then awaiting reimbursement

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