The difference between retrospective versus prospective reimbursement is that:   a. Prospective reimbursement is cost-based and payments are based on each healthcare services/goods done or given; retrospective reimbursements  are based on set standards such as DRGs in the case of hospitalizations.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The difference between retrospective versus prospective reimbursement is that:

  a.

Prospective reimbursement is cost-based and payments are based on each healthcare services/goods done or given; retrospective reimbursements  are based on set standards such as DRGs in the case of hospitalizations.

  b.

Retrospective reimbursement is cost-based and payments are based on each healthcare services/goods done or given; prospective reimbursements  are based on set standards such as DRGs in the case of hospitalizations.

  c.

Both payment systems practically mean the same thing since it is a way to reimburse providers of health care services on the services they have already given to patients. 

  d.

None of the choices are correct

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