A Managed Care Organization Will Contract with Physicians, Laboratories, Pharmacies

question 78

True/False

A managed care organization will contract with physicians, laboratories, pharmacies, hospitals, clinics, and other healthcare facilities in building a provider network.

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Definitions:

Declared

In financial context, it often refers to the official announcement made by a company's board of directors to pay dividends to its shareholders.

Recognized

Recognized refers to the formal acknowledgment in financial reporting that an item is included in the financial statements of a business.

Available-for-Sale Securities

Financial instruments that are purchased with the intent to sell before they reach maturity and are classified as neither held for trading nor held to maturity.

Accrued Interest

The interest that has accumulated on a bond, loan, or other financial instrument since the last interest payment was made.