A Managed Care Contract Will Include A

question 26

Multiple Choice

A managed care contract will include a:

• A) list of patients covered by the plan.
• B) list of physicians in the network.
• C) description of what types of employer groups are offered coverage.
• D) description of how the physician will be paid for services.

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Definitions:

Utility

In economics, the satisfaction or benefit derived from consuming a product or service.

Consumer Equilibrium

The point at which the amount of a product demanded by consumers equals the amount supplied, leading to a stable market price.

Utility Maximization

The process by which individuals choose consumption combinations that maximize their satisfaction or utility under given constraints.

Income

The financial gain or money received by an individual or entity, usually through employment, investment, or business ventures.