What Is an Example of a Third-Party Payer

question 14

Multiple Choice

What is an example of a third-party payer?

• A) HMO
• B) CMS
• C) Medicare
• D) PPO

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Definitions:

Liquid Asset

An asset that can easily and quickly be converted into cash without significantly impacting its value.

Significant Loss

A considerable reduction in the value of an investment or asset, often leading to a negative impact on financial performance.

Fixed Asset

Long-term tangible property or equipment that a firm owns and uses in its operations to generate income.

Liquidity

The convenience with which one can convert an asset into cash without influencing its market price.