Third-Party Payer Agreement
/ˌθɜrdˈpɑrti ˈpeɪər əˈgriːmənt/
Definitions
- (n.) A contractual arrangement whereby a third party, such as an insurer, agrees to pay for goods or services provided to another party.
The hospital entered into a third-party payer agreement with the insurance company to cover patient bills.
Forms
- third-party payer agreement
- third-party payer agreements
Related terms
See also
Commentary
This term is common in healthcare and insurance law; clarity in defining the parties and payment obligations is essential in drafting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.