The Emphasis on Client Satisfaction Began in the 1980s-1990s with the Advent

question 5

True/False

The emphasis on client satisfaction began in the 1980s-1990s with the advent of managed care and authorization for services.

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Definitions:

Consolidated Equity

The total amount of owners' equity represented in a consolidated financial statement, which reflects the combine equity of a parent company and its subsidiaries.

Non-controlling Interest

The portion of equity in a subsidiary not owned by the parent company, also known as minority interest.

Profit After Tax

The net income of a company after all taxes have been deducted from revenues.