If a Physician Chooses Not to Participate in a Contract

question 18

Multiple Choice

If a physician chooses not to participate in a contract with insurance programs, they are left to do their own _______.

• A) advertising
• B) insurance program
• C) billing
• D) payment collection

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Definitions:

Petty Cash Fund

A small amount of cash on hand used for paying minor expenses.

Accounts Payable

Liabilities owed by a business to its suppliers or creditors for goods or services received.

Cost-Benefit Considerations

The process of weighing the total expected costs against the total expected benefits of one or more actions in order to choose the best or most profitable option.

Risk Assessment

The process of identifying, analyzing, and evaluating the risks involved in a certain situation or for a specific investment.