______________Means That Patients Are Billed Separately for Each Service That

question 95

Multiple Choice

______________means that patients are billed separately for each service that they receive, including treatment by doctors, laboratory work, hospital visits, prescriptions, and other health-related expenses.

• A) Third-party provider
• B) Fee-for-service
• C) Health maintenance organization
• D) Managed care

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Definitions:

Residual Income

Residual Income (RI) is the net income an organization generates beyond the minimum rate of return on its investments.

Operating Assets

Assets that are used in the day-to-day operations of a business to generate income, including both current and long-term assets.

Net Operating Income

A financial metric that calculates a company's profitability by subtracting operating expenses from its total revenue, excluding taxes and interest.

Residual Income

The amount of income that an individual has after all personal debts and expenses have been paid.