Match Each Health Insurance Term with Its Definition

question 83

Multiple Choice

Match each health insurance term with its definition.
-Approval obtained before the patient is admitted to the hospital or receives specified outpatient or in-office procedures

• A)managed care
• B)Medicaid
• C)precertification
• D)preexisting condition
• E)service area
• F)subscriber
• G)individual insurance
• H)indemnity plan
• I)utilization management (review)
• J)workers' compensation

Appreciate the role of evolution in the diversity and adaptation of organisms.

Understand the structure and significance of phylogenetic trees in representing evolutionary relationships.

Comprehend the importance and mechanisms of homeostasis in organisms.

Recognize the importance of cell differentiation and specialization in multicellular organisms.

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Definitions:

Pricing

The process of determining the value at which goods or services will be sold, often considering factors such as production costs, market demand, and competition.

Absorption Costing

An accounting method that includes all manufacturing costs - direct labor, materials, and overhead - in the cost of a product.

Long-term Sales

Transactions or sales contracts that are expected to be fulfilled over an extended period of time.

Fixed Costs

Costs that do not vary with the volume of production or sales, such as rent, salaries, and insurance premiums, contributing to a company's overhead.