Periodic Interim Payment (PIP)

What is Periodic Interim Payment (PIP)?

Periodic Interim Payment (PIP) meaning in finance terminology / glossary / dictionary is:

A plan under which the hospital receives cash payments from third-party payers in constant amounts each period. The total of these payments received over a year is the estimated cost of providing services to patients covered by the plan.


reference: Glossary of Hospital Financial Terms Washington State Department of Health Accounting and Reporting Manual for Hospitals