Shared Savings Programs Are Best Defined as

question 8

Multiple Choice

Shared savings programs are best defined as

• A)Making a single payment for hospital and physician services instead of separate payments
• B)Rewarding providers with financial and nonfinancial incentives based on performance on select measures
• C)Rewarding providers by paying a bonus that is explicitly connected to the amount by which they reduce the total cost of care
• D)Paying the provider organization a single payment for all services associated with a hospitalization or other episode of acute care

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Definitions:

Government Subsidies

Financial assistance provided by the government to individuals, organizations, or industries to support their activities, reduce their costs, or encourage specific economic or social outcomes.

Tax Breaks

Financial incentives or reductions in tax given by the government to encourage certain behaviors or investments.

Resource Conservation

The practice of using natural resources wisely to ensure their availability for future generations, often involving efforts to reduce wastage and promote sustainable use.

Internalizing External Costs

The process of ensuring that the prices of goods and services reflect the true costs associated with their consumption or production, including environmental impacts.