Answer :
Final answer:
Payment of bills in medical offices is referred to as a co-payment, with upfront payments becoming more common in healthcare to address financial challenges.
Explanation:
Payment of bills in the medical office is referred to as co-payment. A co-payment is the amount that the insured person must pay out of pocket before the health insurer pays for a particular visit or service.
Hospitals are increasingly implementing policies where upfront payments are required for medical care to address bad-debt and charity care costs.
In the context of improving financial solvency, medical facilities like clinics may need to make payments towards obligations, such as third-party liabilities and loans, to ensure their financial stability.
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