An Individual Practice Association Differs from a HMO in That

question 139

Multiple Choice

An Individual Practice Association differs from a HMO in that

• A) you have no choice of the physician.
• B) they are located in a central facility.
• C) associated doctors operate from their own offices.
• D) they are less likely to be found in small communities.
• E) none of these.

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Definitions:

Issued Note

A financial instrument representing a promise to pay a specified amount of money at a future date.

Accrued Interest

Interest that has been earned but not yet received in cash or recorded as an asset on the balance sheet.

Note Receivable

A financial asset representing a written promise to receive a specific amount of money on a certain date or on demand.

Payment of Account

The process of settling a liability or an amount owed to a creditor, vendor, or supplier by making a cash or electronic payment.