When Hospitals Began Being Reimbursed Based on DRG Assignment, Patient

question 39

Multiple Choice

When hospitals began being reimbursed based on DRG assignment, patient length of stay decreased because:

• A) Coding became more timely and accurate.
• B) There was a financial incentive to discharge patients sooner.
• C) Patients were less sick.
• D) All of the above are correct.

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Definitions:

Investment Account

An account held at a financial institution that is used to buy and hold investment assets, such as stocks, bonds, and mutual funds.

Revenue Recognized

Income that a company has earned and reported in its financial statements for a specific period, following accounting principles.

Trading Investments

Securities that are purchased by a firm for the purpose of realizing a short-term profit.

Long-Term Trading Investments

Investments in stocks, bonds, or other securities that a company intends to hold for a period longer than a year to achieve long-term financial goals.