In a Principal/agent Relationship for Contracts with Customers, the Pre-Determined

question 14

Multiple Choice

In a principal/agent relationship for contracts with customers, the pre-determined fee or commission for services is earned by the:

• A) owner.
• B) agent.
• C) principal.
• D) customer.

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Definitions:

Healthcare Effectiveness

The degree to which healthcare services increase the likelihood of desired health outcomes and are consistent with current professional knowledge.

Health Plans

Insurance schemes or programs that provide coverage for medical services and support health care management.

HEDIS

The Healthcare Effectiveness Data and Information Set is a tool used by more than 90% of America's health plans to measure performance on important dimensions of care and service.

Managed Care Organization

A health insurance company that provides healthcare services to its members through a network of doctors, hospitals, and other healthcare providers.