Which Reimburses Providers According to Predetermined Rates Assigned to Services

question 11

Multiple Choice

Which reimburses providers according to predetermined rates assigned to services and is revised by CMS each year?

• A) Medicare physician fee schedule
• B) Medicare relative value units
• C) Medicare resource-based fee schedule
• D) Medicare value fee schedule

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Definitions:

Divisional Contribution Margin

The difference between sales revenue and variable costs in a specific business division, used to cover fixed expenses and contribute to profits.

Divisional Manager

A manager responsible for overseeing a division within a company, including its resources, operations, and performance.

Profit Margin

A financial indicator showing the percentage of income surpassing the cost of goods sold, employed to evaluate a company's financial well-being.

Total Assets

The sum of all assets owned by an entity, including current and non-current assets, used to provide a comprehensive view of the entity's financial strength.