Reimbursement
Reimbursement is the process of repaying someone for expenses they have incurred on behalf of another party. This often occurs in business settings, where employees may pay for work-related costs, such as travel or supplies, and then submit receipts to their employer for repayment.
In healthcare, reimbursement refers to the payment that healthcare providers receive from insurance companies or government programs for services rendered to patients. This ensures that providers are compensated for their work, while patients can access necessary medical care without bearing the full financial burden.