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An Agreement Between Two or More Firms That Do Not

question 41

Multiple Choice

An agreement between two or more firms that do not involve the creation of a separate entity with joint ownership and in which the firms stand to gain revenues and maximize profits through cooperation for a given period of time is called a(n) _____.


Definitions:

Prospective Pricing

A pricing approach where the price for services, especially in healthcare, is determined in advance based on expected costs.

Provider's Coding

The process by which healthcare providers specify diagnostic and treatment codes for patient care, used for billing and record-keeping purposes.

Retrospective Payment

is a method of payment in which charges are based on actual costs incurred, typically analyzed and paid after the service has been provided.

Fee-For-Service

A payment model where services are unbundled and paid for separately, commonly used in healthcare.

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