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Susan Breiner has just completed interviewing two prospective faculty members, has sent in a large teaching supply order, has proofread the new school discipline policy written by a team of teachers, and has reviewed the school budget for the next academic year. Based upon those activities, what is Susan?
Fee-For-Service
A payment model where services are unbundled and paid for separately, often used in healthcare.
Reimbursement
The process of paying back or compensating someone for expenses or losses incurred, often used in the context of healthcare and insurance.
Actuarial Insurance
Insurance underwritten and priced through statistical analysis of risk factors, heavily relying on mathematical and statistical methods.
Financial Security
Refers to the state of having stable income or other resources to support a standard of living now and in the foreseeable future.
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