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The Movement from a Retrospective Payment System to a Prospective

question 33

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The movement from a retrospective payment system to a prospective payment system using a diagnosis-related group may have what unintentional consequence for hospitals trying to contain their costs?


Definitions:

Inferior Product Quality

Products that fail to meet acceptable standards or expectations in terms of performance, durability, or reliability.

Advertising

The action of calling public attention to products, services, or events, mainly through paid announcements in various media.

Market Power

A term describing the ability of a firm or group of firms to manipulate the price or quantity of goods and services in a market, due to a lack of competition.

McDonald's

A global fast-food restaurant chain known for its hamburgers, french fries, and breakfast items, characterized by its large-scale franchise operations.

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