The Minimum Necessary Standard Refers to the Healthcare Provider's Effort

question 37

Multiple Choice

The minimum necessary standard refers to the healthcare provider's effort to _____.

• A) Invoice third-party payers for the least reasonable amount associated with care provided to the patient
• B) Limit patient-specific health information released to that which is needed to accomplish the intended purpose only
• C) Minimalize the risk of negligence that would result in becoming involved in a malpractice lawsuit
• D) Provide the patient with the minimum amount of procedures and medications to maintain reasonable insurance costs

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Definitions:

Return on Total Assets

A financial metric indicating how profitable a company is relative to its total assets, measuring the efficiency in using assets to generate earnings.

Net Profit Margin Percentage

A financial ratio that shows what percentage of sales has turned into profits, indicating overall profitability.

Gross Margin Percentage

A financial metric that represents the difference between sales and cost of goods sold, expressed as a percentage of sales.

Year 2

The second year in a sequence, often used in financial and operational planning or analysis.