When a Company Tries to Constantly Develop the "Next New

question 7

Multiple Choice

When a company tries to constantly develop the "next new thing," it is trying to establish ________ leadership as a source of differentiation.

• A) service
• B) image
• C) price
• D) personnel
• E) innovative

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Definitions:

Medicare

Federally funded national health insurance program in the United States for people over 65 years of age. The program is administered in two parts. Part A provides basic protection against costs of medical, surgical, and psychiatric hospital care. Part B is a voluntary medical insurance program financed in part from federal funds and in part from premiums contributed by people enrolled in the program.

Diagnosis-Related Groups

A system used to classify hospital cases into groups based on diagnosis, treatment difficulty, and resource use, to determine how much hospitals get paid.

Capitation

Payment mechanism in which a provider (e.g., health care network) receives a fixed amount of payment per enrollee.

Nursing Judgment

The critical thinking and decision-making process used by nurses to provide appropriate patient care.