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This Program Was Implemented to Improve Quality of Care by Levying

question 11

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This program was implemented to improve quality of care by levying a financial penalty to hospitals for poor performance.


Definitions:

Cash Management

The strategy for managing a company's or an individual's financial operations, such as collecting, investing, and managing cash and liquid assets.

Outsourcing

The practice of purchasing components rather than making them in-house.

Intermediate Components

Components or parts used in the production process that are not final products but are incorporated into other goods.

Inventory Management Systems

Technologies and strategies used to oversee the ordering, storing, and use of a company’s inventory.

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