All of the Following Statements About HMOs Are True EXCEPT

question 5

Multiple Choice

All of the following statements about HMOs are true EXCEPT

• A)They organize and deliver health care services.
• B)HMOs place a heavy emphasis on controlling the cost of covered services.
• C)Comprehensive coverage is provided even when a subscriber is outside the area served by the HMO.
• D)The selection of physicians is usually limited to physicians affiliated with the HMO.

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Definitions:

Management Accountants

Professionals specializing in accounting who analyze financial information to advise business strategy and financial management.

Generally Accepted Accounting Principles (GAAP)

A set of rules and standards for financial reporting commonly used in the United States.

Globalization on Business

The impact of increasing global interconnectivity on business operations, including expanded markets, diversified supply chains, and increased competition.

Just-In-Time (JIT)

A supply chain management strategy that aims to reduce inventory costs by receiving goods only as they are needed in the production process.