Explain How a Company Determines Customer Lifetime Value and How

question 77

Essay

Explain how a company determines customer lifetime value and how a company can use this information to its advantage.

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Definitions:

General Rules

Basic, widely applicable guidelines or principles that govern behavior or operation in various scenarios.

CPT Manual

A comprehensive listing and coding of medical procedures and services used by healthcare providers for billing and documentation.

Modifiers

In language, words, phrases, or clauses that provide additional information about other elements in a sentence without altering the primary meaning. In billing, codes that indicate additional factors impacting healthcare services.

AMA Defines Medical Necessity

Guidelines established by the American Medical Association that determine the necessity and appropriateness of specific healthcare services or procedures.