Vendor

Individual or entity that sells and provides hardware, software, and/or ongoing support services for providers to file claims electronically to private insurance carriers, Medicare fiscal intermediaries, and Medicaid fiscal agents.
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One who sells any kind of property. See Also: “Seller.”
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A general term used to refer to the seller of a property.
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A person who purchases property.
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A general term used to refer to the buyer of a property.

Vertical integration

Health care system that includes the entire range of medical services from outpatient to hospital and long-term care. Integrated delivery systems are an example of vertical integration. See integrated delivery systems (IDS) and horizontal integration .

Vested commissions

Renewal insurance commissions paid to insurance agents or their estates regardless of whether the agents stay with the issuing insurance company.
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Commissions paid to an agent regardless of whether they still work for the insurer, based on renewal business.
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Commissions on renewal business that are paid to the agent whether or not he or she still works for the insurance company with which the business is placed.

Veteran

Any person who has served in the armed forces of the United States, especially in time of war; is no longer in the service; and has received an honorable discharge.