Before an HMO Contracts with a Physician, the HMO First

question 52

Multiple Choice

Before an HMO contracts with a physician, the HMO first verifies the physician's credentials. Upon becoming part of the HMO's organized system of healthcare, the physician is typically subject to

• A) both recredentialing and peer review
• B) recredentialing only
• C) peer review only
• D) neither recredentialing nor peer review

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Definitions:

Usury Laws

Statutes and regulations intended to protect consumers by limiting the amount of interest that can be charged on a loan.

Oral Contract

An agreement between parties that is made through spoken words and is legally binding, though not written.

Unliquidated Debt

A debt for which the parties either dispute the fact that any money is owed or agree that some money is owed but dispute the amount.

Repayment Schedule

A detailed plan outlining the frequency, amount, and duration of payments owed by a borrower to a lender until the debt is paid off.