Case rate

{
  "id": "MLC-T-INS-000694",
  "term": "Case rate",
  "field": "Insurance and risk management",
  "definition": "A predetermined, fixed payment amount for a specific medical procedure, diagnosis, or episode of care, regardless of the actual services rendered or the length of stay. This payment model is often used by health insurers to reimburse hospitals or providers for a bundled set of services. It incentivizes providers to manage costs efficiently within the defined case.",
  "url": "https://mlchart.com/terminology/insurance/case-rate/"
}