1.0Glossaryhttps://www.healthbenefitstimes.com/glossaryGlossaryhttps://www.healthbenefitstimes.com/glossary/author/adminglossary/Reference pricing - Definition of Reference pricingrich600338<blockquote class="wp-embedded-content" data-secret="C5yKko4obg"><a href="https://www.healthbenefitstimes.com/glossary/reference-pricing/">Reference pricing</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.healthbenefitstimes.com/glossary/reference-pricing/embed/#?secret=C5yKko4obg" width="600" height="338" title="“Reference pricing” — Glossary" data-secret="C5yKko4obg" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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A method of health care cost control in which the cost of all items in a class of roughly equivalent products or services is reimbursed at a fixed dollar amount. Patients or providers who seek care that is more expensive than the reference price pay additional fees. Those who agree to use standard services are reimbursed in full for the products or services they receive.