Third party payor - How To Discuss

Third party payor,

Definition of Third party payor:

1. A person or group besides the two primarily involved in a situation, especially a dispute.

2. Relating to a person or group besides the two primarily involved in a situation.

3. A term used to refer to any company that acts as the payor under coverage provided by a health care plan, for example, Medicare or Blue Cross/Blue Shield.

How to use Third party payor in a sentence?

1. Third-party suppliers.
2. The involvement of a third party as an independent valuer.