reimbursement
Pronunciation: [ˌriːɪmˈbɜːrsmənt]
Word
Context: "finance"
(noun) reimbursement means getting money back for something you paid for. If you spend your own money for a work event, your company might give you that money back later.
Example
I submitted my receipt for the business lunch, and I received my reimbursement within a week.
Example
I didn’t get my reimbursement for the travel expenses because I lost the receipts.
Example
How long does it usually take for the reimbursement to come through?
Context: "healthcare"
(noun) in healthcare, reimbursement refers to the money that doctors or hospitals get paid back from insurance companies for providing care to patients. It's how they earn money for their services.
Example
The hospital received prompt reimbursement from the insurance after the surgery.
Example
The clinic faced delays in reimbursement, which made it hard for them to pay their staff.
Example
What steps must be taken to secure reimbursement from the health insurance company?
0s0s