Explain the Importance of Forecasting

question 2

Essay

Explain the importance of forecasting.What are the pros and cons of relying solely on past performance to predict future performance?

Recognize the procedures for handling insurance claims, including filing, authorization, and payment processes.

Differentiate between types of health care providers and their roles in the healthcare system.

Understand the regulatory and administrative requirements for Medicaid and Medicare, including eligibility, enrollment, and coverage specifics.

Comprehend the principles of patient privacy and information security, including password management and patient confidentiality on computers.

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Definitions:

Controlled Substances

Drugs or chemicals whose manufacture, possession, and use are regulated by government due to their potential for abuse or addiction.

Licensed Pharmacists

Healthcare professionals authorized to prepare, dispense, and provide clinical information on drugs to patients.

Anticoagulant

A substance that prohibits the coagulation of blood.

Antihistamine

A type of medication that blocks histamine, a substance in the body that causes allergy symptoms like itching, swelling, and runny nose.