Which of the Following Statements About Managed Care Are True

question 3

Multiple Choice

Which of the following statements about managed care are true? Select all that apply.

• A) It attempts to control costs by modifying the behavior of providers and patients.
• B) It is a system that is based on patient and provider autonomy.
• C) It lowers cost through the elimination of waste and excess.
• D) It aims toward lower premiums and preventive care benefits.
• E) It is attentive to the needs of the membership group and individual patients.

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Definitions:

Straight-Line Method

A method of calculating depreciation of an asset by evenly spreading its cost over its useful life.

Net Present Value

A financial measure that determines the variance between the current worth of cash coming in and the current worth of cash going out over a specified timeframe.

Vending Machines

Automated machines that sell products such as snacks, beverages, or tickets to consumers after money, a credit card, or a specially designed card is inserted into the machine.

Working Capital

The disparity between an enterprise's existing assets and current debts, demonstrating its short-term financial status and operational performance.