Match Each Health Insurance Term with Its Definition

question 9

Multiple Choice

Match each health insurance term with its definition.
-Insurance company that intervenes to pay hospital or medical bills per contract with the doctor or patient

• A)advance beneficiary notice (ABN)
• B)carrier
• C)coordination of benefits (COB)
• D)fee disclosure
• E)fee schedule
• F)loss-of-income benefits
• G)participating provider
• H)patient status
• I)relative value units
• J)third-party payer

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Definitions:

Optimal Strategies

Approaches or methodologies determined to be the most effective and efficient in achieving specific goals or outcomes, often within the context of games, economics, or operations research.

Level Scheduling

A production strategy that aims to maintain a consistent production rate or workload, smoothing out peaks and troughs in demand to optimize operations.

Pure Chase Strategy

A production strategy where the production rate is adjusted to match demand, minimizing inventory levels at the cost of potentially greater adjustment costs.

Part-Time Workers

Employees who work less than the standard full-time hours, typically offering flexibility and cost savings for businesses while accommodating the workers' other commitments.