Examlex
According to CMS, a ____________ is designed to reimburse acute care hospitals with a value-based incentive, "based either on how well the hospitals perform on certain quality measures or how much the hospitals' performance improves on certain quality measures from their performance during a baseline period."
Production Function
A production function describes the relationship between inputs used in production and the output generated from those inputs.
Marginal Product
The additional output gained by adding one more unit of a specific input, keeping all other inputs constant.
Profitability
A measure of the ability of a company or a business sector to generate earnings compared to its expenses and other relevant costs incurred during a specific period of time.
Employment
The state of having paid work, being engaged in an occupation or job.
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