Organizations That Contract with Healthcare Providers to Process Health Insurance

question 56

Multiple Choice

Organizations that contract with healthcare providers to process health insurance claims,often providing consulting services for providers,are referred to as:

• A) member organizations.
• B) fiscal intermediaries (FIs) and/or carriers.
• C) qualifying contracting agents.
• D) all of the above

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Definitions:

Waste of Resources

The inefficient use of materials, labor, energy, or capital that does not maximise potential utility or value.

Monopolistically Competitive

In a monopolistically competitive market, many firms sell products that are similar but not identical, allowing for product differentiation and some degree of market power over prices.

Short Run

A period in economic analysis in which at least one input is fixed while others are variable.

Long Run

the period in which all factors of production and costs are variable, allowing for all possible adjustments, including the adoption of new technology.