Medicare Legislation Prohibits Physicians from Referring Patients to an Entity

question 42

True/False

Medicare legislation prohibits physicians from referring patients to an entity with which the physician or family member(s) have a financial relationship.

Understand the remedies available under contract law, including equitable remedies.

Analyze the legal rights of parties in a contract when an assignment of rights or delegation of duties occurs.

Interpret contractual obligations and the impact of failure to perform as agreed.

Evaluate the importance of timely and proper notification of contractual changes to all parties involved.

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Definitions:

Units-Of-Production

Units-of-production is a method of depreciation that allocates the cost of an asset over its useful life based on the number of units it produces, reflecting wear and use more accurately.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value due to use and time.

Salvage Value

The predicted sale value of an asset at the end of its operational life.

Trade-In Allowance

The credit offered by a seller for an old item that is given as part of the payment for a new item, reducing the cash needed to complete the new purchase.