Each Department in a Company That Carries Out Value-Creating Activities

question 104

Multiple Choice

Each department in a company that carries out value-creating activities can be thought of as a link in the company's ________.

• A) market development
• B) product development
• C) business portfolio
• D) value chain
• E) supplier chain

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Definitions:

Preauthorization (Predetermination)

The process where a healthcare provider must obtain approval from a health insurance company before providing specific services to ensure coverage.

Indemnity-Type Plan

A type of health insurance plan that allows policyholders to direct their own healthcare and visit almost any doctor or hospital they like.

HMO

Health Maintenance Organization, a type of health insurance plan that limits coverage to care from doctors who work for or contract with the HMO.

Fee Schedule

A list of predetermined payment amounts for professional services provided to patients.