A Physician Who Is a Contracted Provider in a PPO

question 50

True/False

A physician who is a contracted provider in a PPO or HMO will receive reimbursement for fees based on a capitated rate of payment.

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Definitions:

Beef Sandwiches

A food item consisting of slices of beef placed between slices of bread or within a bun.

Elasticity

An economic measure of how responsive the quantity demanded or supplied of a good or service is to a change in price.

Demand Curve

A graphical representation that shows the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at various prices.

Sensitive

Pertaining to something that requires careful handling due to its potential to cause a reaction or damage under certain conditions.