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payor

   Also found in: Dictionary/thesaurus, Medical, Financial, Wikipedia 0.01 sec.

payor (payer) n. The one who must make payment on a promissory note.


See also: transferor


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One of the largest sources of savings for payors is in the growth of auto-adjudication, the center said.
The delivery rule under the original proposed regulations required information reporting for payments delivered to a nonpayee attorney, if, under the circumstances, the payor reasonably believed that the attorney would receive the check for legal services.
Every payor has a different format in which they require information to be submitted, making it difficult to maximize the number of claims that providers are able to send electronically.
 
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