_______________________ Is a Very Important Part of the Episode-Of-Care Payment

question 18

Multiple Choice

_______________________ is a very important part of the episode-of-care payment method. It requires that the providers of care, along with the plans, be as precise as possible in projecting expenditures in order to negotiate a contract that will cover the costs involved in treating the members of the plan.

• A) Contract management
• B) Capitation
• C) Block payment
• D) Utilization management
• E) None of these is correct.

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Definitions:

Ideal Level

A term that can refer to the optimal state or condition for a specific metric or operation within a business or system, aiming for efficiency and effectiveness.

Normal Level

A baseline or standard level of activity, production, or operation, considered typical or expected under normal circumstances.

Standard Production Time

The amount of time that should reasonably be expected to manufacture a product under normal conditions.

Fringe Benefits

Additional benefits supplementing an employee's salary, such as health insurance, paid vacation, or a company car.