Which of the Following Means That a Third-Party Payer Agrees

question 76

Multiple Choice

Which of the following means that a third-party payer agrees to steer individuals insured on their plans to selected providers and, in turn, the selected providers charge lower prices to insurers?

• A) Selective contracting
• B) Competitive contracting
• C) Vertical integration
• D) Horizontal integration

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Definitions:

Economics

A social science concerned with the production, distribution, and consumption of goods and services, studying how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their desires and needs.

Cultural Exchanges

The sharing of ideas, customs, and social behavior between different cultures, often leading to increased understanding and tolerance.

Decade of the Brain

An initiative designated by the U.S. Congress for the 1990s aimed at enhancing public awareness of the benefits of brain research.

Biological Aspects

Components or features relating to the biological sciences, often referring to the physiological or genetic factors of living organisms.