In Today's Global Competition, It Is Important to Recognize the Kinds

question 105

Multiple Choice

In today's global competition, it is important to recognize the kinds of organizations that exist. Organizations can basically be divided into two categories:

• A)business and non-profit.
• B)domestic and multi-national.
• C)privately owned and publically owned.
• D)regulated and unregulated.

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Definitions:

Predetermination

The act of deciding or establishing something in advance or having a predetermined outcome.

Third-party Payer

An entity (other than the patient or healthcare provider) responsible for paying medical expenses, such as insurance companies.

Medical Billing Programs

Software or systems designed to manage healthcare billing processes, including the submission and tracking of medical claims.

Capital Letters

Uppercase letters used to indicate proper nouns, the beginning of sentences, or for emphasis.