The Goal of the Recovery Audit Contractor Program Is to

question 37

Multiple Choice

The goal of the Recovery Audit Contractor program is to

• A) audit health care records for incomplete documentation.
• B) identify improper payments made on claims of health care services provided to Medicare beneficiaries.
• C) recover payments made to health care facilities, regardless of the payer.
• D) reimburse beneficiaries for payments made to them in error.

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Definitions:

Marginal Cost

An elevation in the cumulative expense resulting from manufacturing one more unit of a product or service.

Deadweight Loss

A decrease in economic efficiency resulting from the failure to reach equilibrium in the market for a good or service.

Monopolies

Market structures characterized by a single seller who controls the market supply of a good or service and can influence the price.

Efficiency

The optimal allocation of resources to maximize desired outputs without wasting any input.