Third-Party Payers Negotiate Fees for Services

question 18

Multiple Choice

Third-party payers negotiate fees for services.If it cost the hospital $2,000 for costs associated with placing a PICC line and the insurance company has negotiated to pay 40% of the cost,how much will the hospital receive?

• A)$900
• B)$800
• C)$1,000
• D)$700

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Definitions:

Disposable Income

Money available to households for personal spending and saving after deducting their income taxes.

Income-Expenditure Framework

An economic model describing the relationship between an economy's total income and the spending levels that determines its equilibrium output.

Aggregate Expenditures

The total amount of spending in an economy, including consumption, investment, government spending, and net exports.

Real Gross Domestic Product

The total value of all goods and services produced within a country's borders in a specific time period, adjusted for inflation.