Managed Care Plans Require

question 13

Multiple Choice

Managed care plans require:

• A)fee for service providers.
• B)preauthorization before therapy.
• C)psychiatric supervision.
• D)All of the answers are correct.

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Definitions:

Setup Cost

The expenses incurred to prepare equipment or processes for manufacturing an order, including cleaning and tooling costs.

Carrying Cost

The total cost of holding inventory, including storage, insurance, depreciation, and opportunity costs, synonymous with holding costs but with a rephrased definition for clarification.

Safety Stock

Inventory kept on hand to protect against stockouts caused by fluctuations in demand or supply chain disruptions.

Lead Time

Lead time is the amount of time that elapses from the start of a process until its completion, important in manufacturing and supply chain management.