Question

What is the difference between healthcare payer and provider?

This intriguing question comes from Insurance subject matter

I have been asked this question during an online interview.

Other related questions to my question are:-

What is the difference between payor and payer?

What is a healthcare payer?

Who is the provider?

Answer 1

Correct answer is: Payers in the health care industry are organizations — such as health plan providers, Medicare, and Medicaid — that set service rates, collect payments, process claims, and pay provider claims. Payers are usually not the same as providers. Providers are usually the ones offering the services, like hospitals or clinics.

The title of my answer is Payers in the Health Care Industry | Collective Medical