The Outpatient Prospective Payment System Reimburses Services According to Ambulatory

question 31

Multiple Choice

The outpatient prospective payment system reimburses services according to ambulatory payment classifications (APCs) , which group services according to similar __________ and in terms of resources required.

• A) clinical characteristics
• B) intensity of resources
• C) risk of mortality
• D) severity of illness

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Definitions:

Pretax Income

The income of a business before income taxes are deducted.

Understated

Describes a financial statement element that is reported at a figure less than its actual value, potentially misleading users of the statements.

Ending Inventory

Ending inventory is the total value of goods remaining in stock at the end of an accounting period, used to calculate cost of goods sold and gross profit.

Ending Inventory

The ultimate worth of merchandise up for sale at the termination of a fiscal period.