Case-Managed Care May Enhance Profit in a For-Profit Health Organization

question 10

Multiple Choice

Case-managed care may enhance profit in a for-profit health organization by:

• A) Minimizing costs in areas of high resource consumption.
• B) Combining licensed and nonlicenced care providers in delivering patient care.
• C) Increasing reimbursement from third-party payers.
• D) Reducing the amount of technology used to support clinical decision-making.

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Definitions:

Gross Method

An accounting practice where purchases are recorded at their full invoice price without deducting any purchase discounts taken.

Periodic Method

An accounting method where inventory purchases are recorded in a purchases account, with the inventory count and cost of goods sold calculated at the end of the accounting period.

Discounts Lost

A financial metric indicating the additional cost incurred by failing to take advantage of offered payment discounts by suppliers.

Vouchers Payable

An accounting term used to represent records of transactions or evidence of expenditure awaiting payment.