The Nurse Explains That the Main Cost Containment Component of Diagnosis-Related

question 21

Multiple Choice

The nurse explains that the main cost containment component of diagnosis-related groups (DRGs) is that:

• A)hospitals focus only on the specific diagnosis.
• B)hospitals treat and discharge patients quickly.
• C)reduced-cost drugs are ordered for the specific diagnosis.
• D)diagnostic group classification streamlines care.

Assess the role and outcomes of symbolic ethnicity in contemporary society.

Understand the concept of correlation and its applications in predicting outcomes based on relationships between variables.

Learn the definitions and examples of positive and negative correlations.

Differentiate between correlation and causation.

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Definitions:

Fixed Costs

Costs that do not vary with the level of production or business activity, such as rent or salaries.

Profitability

A measure of the efficiency and effectiveness of a company in generating profits from its operations.

Mixed Costs

Expenses that have both fixed and variable components, meaning part of the cost varies with the level of output while part remains constant.

Contribution Margin

The difference between sales revenue and the variable costs associated with the production or sale of products or services. It's used to determine the ability of a business to cover its fixed costs.