What Is the Purpose of the Committee on Operating Rules

question 26

Multiple Choice

What is the purpose of the Committee on Operating Rules for Information Exchange?

• A)It has set up standards for data exchanges between providers and healthcare plans.
• B)It sets up software packages for drug to drug interactions
• C)It set up standards for prescription drug orders by physicians
• D)It set up standards for RFID technology

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Definitions:

Overhaul Costs

Expenses incurred for significant repairs or major restoration of equipment, machinery, or buildings which extend their life but do not qualify as capital expenses.

Incremental Cost Approach

An analysis technique that focuses on the additional costs and benefits associated with a particular decision or project.

Discount Rate

The interest rate used to discount future cash flows of a project or investment to their present value, reflecting the opportunity cost of capital.

Annual Net Cash Inflows

The total cash inflows minus the cash outflows for a business within a one-year period.