Diagnosis-Related Groups (DRGs) Have Attempted to Reduce Health Care Costs

question 7

Multiple Choice

Diagnosis-related groups (DRGs) have attempted to reduce health care costs by decreasing:

• A) hospital admission rates.
• B) length of hospital stay.
• C) outpatient services.
• D) specialty groups.

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Definitions:

Short-Term

Relating to financial instruments or borrowing with a maturity of one year or less, or to activities or planning over a similar timeframe.

Profit Projections

Estimated calculations predicting the future profitability of a business over a specific period.

Supporting Documentation

The necessary documents required to substantiate transactions, events, or compliance with laws and regulations.

Circularity

In finance, refers to the use of initial output values of a model to calculate new inputs, leading to dependency within the calculations.