Which of the Following Is Required for an Agency to Receive

question 14

Multiple Choice

Which of the following is required for an agency to receive reimbursement for care given from Medicare?

• A) Application for recognition including signing a contract with the federal government
• B) Application for reimbursement from Medicare using the appropriate federal forms
• C) Demonstrating meeting federal quality standards for Medicare-covered services
• D) Providing specialty care such as physical therapy

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Definitions:

Undiscounted Future Profits

The projected earnings from an investment over time without adjusting for present value or future risk.

Inventory

The total amount of goods and materials held in stock by a business, warehouse, or point of sale.

Vertical Contracts

Agreements between companies at different stages of the production process, such as manufacturers and retailers.

Complementary Goods

Products or services that are typically consumed together or have a high cross-elasticity of demand, implying that a change in the price of one affects the demand for the other.