85Calculate the Plowback Ratio Given the Following Data

question 23

Multiple Choice

85.Calculate the plowback ratio given the following data:

• A)46.25%
• B)36.25%
• C)26.25%
• D)16.25%
• E)6.25%

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Definitions:

Prospective Pricing

A pricing approach where the price for services, especially in healthcare, is determined in advance based on expected costs.

Provider's Coding

The process by which healthcare providers specify diagnostic and treatment codes for patient care, used for billing and record-keeping purposes.

Retrospective Payment

is a method of payment in which charges are based on actual costs incurred, typically analyzed and paid after the service has been provided.

Fee-For-Service

A payment model where services are unbundled and paid for separately, commonly used in healthcare.