... , since they are given a set amount each month. Some techniques used to manage costs that Ling brings an awareness to is contracted rates, drug formularies, and utilization review ( UR ). Ling summarizes that contracts are, " written agreements between a payer and a provider explaining what the provider agrees to do in exchange for a set payment". Contracts are used in many of the reimbursement methods ... ...

• Word Count: 1579
• Approx Pages: 6
• Grade Level: High School