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The Following Activities Are the Responsibility of Either the Nova

question 117

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The following activities are the responsibility of either the Nova Health Plan's risk management department or its medical management department:


Definitions:

Secured Notes

Debt securities backed by collateral, providing lenders with assurance of repayment through the borrower's assets in case of default.

Mortgages

Loans specifically used to purchase real estate, where the property itself serves as collateral.

Deferred Revenue

Payments received by a company for goods or services that have yet to be delivered or performed.

Net Income

The total profit of a company after all expenses, taxes, and costs have been deducted from total revenue.

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