If Cost Variance Is Positive,it Means That Performing the Activity

question 27

True/False

If cost variance is positive,it means that performing the activity cost more than the planned or budgeted cost.

Describe the implications of a physician accepting assignment for Medicare patients.

Explain the role and payment structures of health maintenance organizations (HMOs).

Understand the rules determining primary and secondary insurance payers.

Describe the process and benefits of electronic claim submissions.

---

Definitions:

Negatively Correlated

An association between two variables characterized by the increase of one variable leading to the decrease of the other, and reverse scenarios.

Variables

Elements, features, or factors that can change and have different values among subjects in a study or experiment.

Illusion

A distortion of the senses, revealing how the brain normally organizes and interprets sensory stimulation.

Uncontrollable Events

Situations or occurrences that individuals cannot influence or dictate, often leading to feelings of helplessness.