Which of the Following Factors Is Key to the Management

question 2

Multiple Choice

Which of the following factors is key to the management of long-term care in the United States?

• A) Patients admitted are more acutely ill.
• B) Financial constraints have been decreased.
• C) Free-standing facilities have increased.
• D) Medicare reimbursement for care has increased.

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Definitions:

Black Market

An illegal trade of goods or services conducted outside authorized, lawful systems of commerce.

Pricing Transparency

The practice of openly and clearly disclosing the price of goods or services, including any potential fees or charges, to consumers.

Comparison Shop

The act of evaluating similar products or services from different suppliers to determine the best combination of quality, price, and service.

Prestige Pricing

A pricing tactic that involves pricing a product higher than competitors to signal that it is of higher quality.