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:

Fund-raising Effort

Organized activities or campaigns undertaken to gather financial support for a specific cause or organization.

Fund-raising Priorities

The strategic determination of which financial goals or projects an organization will pursue first, based on their importance and potential impact.

End-of-Life Care

Care designed to provide support and comfort to individuals in the final phase of a terminal illness, focusing on quality of life.

Financial Gift

Monetary donations provided to support an individual, organization, or cause without expecting anything in return.