Which of the Following Is an Obligation of a Managed

question 2

Multiple Choice

Which of the following is an obligation of a managed care organization to its patients?

• A) Fiduciary duty
• B) Using competent providers
• C) Providing appropriate care
• D) Balancing cost-containment with good quality care
• E) All of these are correct.

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Definitions:

Capital Balances

The amounts recorded in the equity section of a company's balance sheet or partnership's accounts, representing the owners' stakes.

Income Ratios

Financial metrics that compare various aspects of a company's income, such as profit margin or return on assets, to evaluate its financial performance.

Partnership Interest

Represents an individual's or entity's ownership share in a partnership, including rights to its profits and assets.

Capital Account Balance

This term refers to the total amount of funds contributed by investors or owners plus retained earnings in a company's or individual's financial account.