The Patient Classification System Groupings for Long Term Care Facilities

question 22

Multiple Choice

The patient classification system groupings for long term care facilities are called:

• A) LTC-DRGs.
• B) APCs.
• C) RUG-III.
• D) OPPS.
• E) HHRGs.

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Definitions:

Largest Firms

Companies that dominate their industries or markets, often characterized by significant revenue, global presence, and market influence.

Profits

The financial gain achieved when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Concentration Ratios

Measures that indicate the extent to which a small number of firms occupy a large market share within an industry.

Covert Collusion

Secret or concealed agreements between firms to fix prices, limit production, or divide markets, in order to increase profits illegally.