What does MCP mean in ACCOUNTING
MCP stands for Monthly Capitation Payment. MCP is a form of fee-for-service payment in which providers receive a fixed amount per enrolled patient usually on a monthly basis. This fee may or may not take into account the health status of the patient. In essence, providers are reimbursed for services rendered regardless of the cost of those services. This article will provide an overview of MCPs and answer frequently asked questions related to them
MCP meaning in Accounting in Business
MCP mostly used in an acronym Accounting in Category Business that means Monthly Capitation Payment
Shorthand: MCP,
Full Form: Monthly Capitation Payment
For more information of "Monthly Capitation Payment", see the section below.
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Essential Questions and Answers on Monthly Capitation Payment in "BUSINESS»ACCOUNTING"
What is meant by "Monthly Capitation Payment"?
MCP stands for Monthly Capitation Payment, which is a form of fee-for-service payment in which providers receive a fixed amount per enrolled patient usually on a monthly basis
Does this payment structure take into account the health status of the patient?
No, this type of payment does not take into account the health status of the patient
Are providers reimbursed regardless of cost?
Yes, with MCPs, providers are reimbursed for services rendered regardless of the cost of those services
Are there any advantages associated with using MCPs?
Yes, one advantage associated with using MCPs relates to budgeting; providers know how much they will receive each month so they can plan accordingly
What are some disadvantages associated with using MCPs?
One disadvantage associated with using MCPs is that it provides less incentive to innovate in terms of providing more advanced and comprehensive care to patients
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