Match Each Type of Health Plan to Its Description

question 21

Multiple Choice

Match each type of health plan to its description.

-A medical capitation plan in which the treatment is delivered via a clinic or independent physician that provides a number of basic medical services for a fixed capitation payment per month.

• A)Independent practice association (IPA)
• B)Medicaid
• C)State disability or Unemployment Compensation Disability (UCD)
• D)TRICARE
• E)Workers' compensation insurance
• F)CHAMPVA
• G)Health maintenance organization (HMO)
• H)Disability income insurance
• I)Medicare

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Definitions:

Liquidity

The ability of an entity to quickly convert its assets into cash or to pay off its current liabilities.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects money owed from its customers over a period.

Average Collection Period

The average amount of time that it takes for a business to receive payments owed by its clients in terms of receivables.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.