A Patient Who Belongs to an HMO Is Assigned a Nurse

question 6

Multiple Choice

A patient who belongs to an HMO is assigned a nurse as a case manager after being in an automobile accident. The actions of the nurse in this role are to

• A) care for the patient during hospitalization for the injuries.
• B) assist the patient with home care activities during recovery.
• C) coordinate the services that the patient receives in the hospital and at home.
• D) determine the types of medical care the patient needs for optimal rehabilitation.

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Definitions:

Elasticity

An economic measure of the sensitivity of demand or supply to changes in price, income, or other factors, affecting the quantity consumed or supplied.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good.

Total Revenue

The total income generated by a firm from the sale of its products or services before any costs are deducted.

Perfectly Inelastic Demand

A market situation where the quantity demanded does not change irrespective of changes in price.