capitation
Pronunciation: [kəˈpɪteɪʃən]
Word
Context: "healthcare"
(noun) a payment system where a doctor or healthcare provider gets a set amount of money for each person they take care of, instead of being paid for each visit or service. It helps doctors plan their budgets based on how many patients they have.
Example
The doctor prefers capitation because it allows for better planning and patient care.
Example
Capitation can sometimes lead to longer wait times if doctors worry about their payments.
Example
What are the advantages of using capitation in healthcare?
Context: "finance"
(noun) a method of paying for services based on the number of clients or users, rather than how much service they use. It's like paying for a subscription rather than for individual items.
Example
Many businesses use capitation to provide services without charging extra fees each time.
Example
Using capitation may not work well if customers need more personalized services.
Example
How does capitation change the way companies charge for their services?
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