Describe at Least 3 of the Processes Used to Ensure

question 3

Essay

Describe at least 3 of the processes used to ensure that consumers of healthcare in the U.S.receive their care from a provider who is competent and safe.
-Governmental oversight through the Medicare reimbursement program.
-Local,county,and state health department oversight.
-Independent agencies who supply quality review information on health insurance plans and their preferred providers.
-Quality review organizations that perform comprehensive standard-based assessments of their subscribing members.

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Definitions:

Balance Sheet Account

An account that appears on the balance sheet, representing a business's financial position at a specific moment, including assets, liabilities, and equity accounts.

Income Statement Account

An account found on the income statement, which includes revenues, expenses, gains, and losses, affecting the net income of a business.

Adjusting Entries

Journal entries made at the end of an accounting period to update the accounting records for expenses and revenues not fully recorded during the period.

Prepaid Expenses

Expenses paid in advance for goods or services to be received in the future, recognized as assets on the balance sheet until they are incurred.