The Case-Mix Management System That Utilizes Information from the Minimum

question 1141

Multiple Choice

The case-mix management system that utilizes information from the minimum data set (MDS) in long-term care settings is called

• A) Medicare severity diagnosis related groups (MS-DRGs).
• B) Resource based relative value system (RBRVS).
• C) Resource utilization groups (RUGs).
• D) Ambulatory patient classification (APCs).

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Definitions:

Financial Statement

Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and statements of cash flows.

Permanent/Temporary

Describes assets or accounts within financial contexts; permanent assets or accounts are long-term and not expected to be converted into cash within a year, while temporary accounts track revenues, expenses, and dividends and are closed at the end of the fiscal year.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made on a periodical basis rather than transaction by transaction.

Net Method

An accounting practice where purchase discounts are recorded immediately by reducing the price of the goods bought, assuming the discount will be taken.