Managed-Care Health Plans That Emphasize Routine Care and Prevention by Providing

question 38

Multiple Choice

Managed-care health plans that emphasize routine care and prevention by providing complete medical services in exchange for a predetermined monthly payment are:

• A)fee-for-service.
• B)preferred provider organizations.
• C)health maintenance organizations.
• D)point-of-service plans.

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Definitions:

Budgeted Expenditure

Planned spending for a specific period as outlined in a budget, which serves as a financial plan and guideline for managing expenses.

Actual Expenditure

The real amount of money spent on goods, services, and other expenses during a specific period.

Variable Overhead Variances

The difference between the actual variable overhead incurred and the standard cost assigned to production, indicating efficiency or inefficiency.

Efficiency Variance

The difference between the actual input used in production and the standard input expected, calculated to assess performance.