Match Each Health Insurance Term with Its Definition

question 27

Multiple Choice

Match each health insurance term with its definition.
-When a health care provider is paid a fixed amount per member per month for each patient who is a member of a particular insurance organization,whether or not services were provided

• A)assignment of benefits
• B)TRICARE
• C)CHAMPVA
• D)coordination of benefits (COB)
• E)co-payment
• F)deductible
• G)effective date
• H)capitation
• I)group insurance
• J)health maintenance organization (HMO)

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Definitions:

Inventory

The stock of goods, materials, parts, and finished products that a company holds for the purpose of resale or production.

Forecast Accuracy

The degree to which forecasted values match or are close to the actual realized values.

Overstocked Quantity

Refers to having more inventory on hand than is necessary, leading to potential excess storage costs and reduced cash flow.

Understocked Quantity

The situation where the quantity of inventory available is less than the demand, leading to missed sales or delays.