APM in Medical Billing
APM stands for Alternative Payment Model, a payment approach in healthcare that offers financial incentives for providing high-quality and cost-efficient care.
APM in Medical Billing Explained
In medical billing, APMs shift the focus from fee-for-service to value-based care, encouraging providers to improve outcomes while reducing costs. APMs are often used in Medicare and other government programs to enhance care quality.
For example, a provider participates in an APM that rewards them for reducing hospital readmission rates.
Find common acronyms and abbreviations in Medical billing glossary.
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