Fee schedule

{
  "id": "MLC-T-INS-003652",
  "term": "Fee schedule",
  "field": "Insurance and risk management",
  "definition": "A complete listing of the maximum fees or allowances that an insurer will pay for specific medical services, procedures, or supplies. Health insurance plans, particularly preferred provider organizations (PPOs), and workers' compensation programs use fee schedules to manage costs and establish payment standards for out-of-network providers. The amounts are determined through analysis of provider charges and negotiations, and they vary by geographic location.",
  "url": "https://mlchart.com/terminology/insurance/fee-schedule/"
}