DRG in Medical Billing
DRG stands for Diagnosis-Related Group, a classification system used to determine payment for hospital inpatient services under Medicare.
DRG in Medical Billing Explained
In medical billing, DRGs are used to categorize patients based on their diagnosis, treatment, and other factors. Each DRG has a fixed reimbursement rate, which means hospitals are paid a set amount based on the patient’s DRG, regardless of the actual cost of care.
For example, a patient hospitalized for pneumonia would be assigned a specific DRG, and the hospital would receive a predetermined payment for their treatment.
Discover common acronyms and abbreviations in Medical billing glossary.
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