A National Source of Reports of Actions Taken Against Healthcare

question 16

Multiple Choice

A national source of reports of actions taken against healthcare providers,practitioners,and vendors who are in noncompliance or performing fraudulent activities is the

• A)Office of Civil Rights.
• B)wireless local area networks.
• C)Healthcare Integrity and Protection Data Bank.
• D)Health Insurance Portability and Accountability Act.

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Definitions:

Product Cost Concept

A concept used in applying the cost-plus approach to product pricing in which only the costs of manufacturing the product, termed the product cost, are included in the cost amount to which the markup is added.

Manufacturing Costs

Manufacturing costs encompass all expenses directly involved in the production of goods, including materials, labor, and overhead.

Markup

The difference between the cost of a product and its selling price, expressed as a percentage over cost.

Fixed Expenses

Regular and unchanged expenses incurred by a business irrespective of its level of output or sales volume, such as lease payments, insurance, and salaries of permanent employees.