What is another name for compensation recovery?

Compensation recovery is often referred to as chargebacks, which involves the recovery of funds that have been previously paid out. This term is commonly used in scenarios where a payer, such as an insurance company, seeks to reclaim payments that are deemed to have been made in error or that are no longer valid due to various reasons, such as coordination of benefits or other factors influencing payment eligibility.

Chargebacks serve as a financial control mechanism to ensure that payments made for services are accurate and justified based on the terms of the insurance policy and regulations. This process helps maintain the integrity of the payment system and ensures that resources are allocated efficiently.

The other options represent different financial terms or processes that do not convey the specific action of recovering compensation. For instance, fees for performance typically refer to payments made based on the achievement of specific outcomes rather than recovering funds. Incentive withdrawal involves stopping incentives for certain behaviors but does not align with the concept of reclaiming past payments. Payment adjustments could imply changes made to claims or billing amounts but lack the precise meaning of recovering previously disbursed funds. Thus, chargebacks is the most accurate terminology related to compensation recovery.