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DEFINITION of 'Service Charge'. A type of fee charged to cover services related to the primary product or service being purchased. For example, a concert venue may charge a service fee in addition to the initial price of a ticket in order to cover the cost of security or for allowing electronic purchases.
According to the MGMA, the gross fee-for-service (FFS) collection median rate is 41.6 percent (what you collect of what you charge). The adjusted FFS collection median rate is 93.98 percent (what you collect of what you are owed).ccording to the MGMA, the gross fee-for-service (FFS) collection median rate is 41.6 percent (what you collect of what you charge). The adjusted FFS collection median rate is 93.98 percent (what you collect of what you are owed).