In Order to Measure the Expenses of Institutional Utilization, Holt

question 136

Multiple Choice

In order to measure the expenses of institutional utilization, Holt Healthcare Group uses the standard formula to calculate hospital bed days per 1,000 plan members per year. On October 23, Holt used the following information to calculate the bed days per

• A) 278
• B) 397
• C) 403
• D) 920

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Definitions:

Compounded Semi-annually

The process where interest is added to the principal sum of an investment or loan twice a year, resulting in interest earning interest.

Third Payment

This refers to the third installment of a series of payments toward a financial obligation.

Loan

Borrowed capital which is due to be paid back with interest.

Payments

Transactions made to fulfill obligations, such as bills, loans, or purchases.