The Following Are Key Terms in Chapter 17 That Relate

question 21

Short Answer

The following are key terms in Chapter 17 that relate to accounting for health care organizations:
A.Contractual adjustments
B.Capitation fees
C.Charity care
D.Diagnosis-related groups
E.Prospective payment system
F.Health maintenance organizations
G.Performance indicator
H.Third-party payor
For each of the following definitions,indicate the key term from the list above that best matches by placing the appropriate letter in the blank space next to the definition.

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Definitions:

First Develop

The initial phase of creating or establishing something, typically referring to the early stages of economic, industrial, or technological development.

Fast-Second Strategy

A business strategy where a company quickly follows pioneers into a new market or technology with the aim to surpass them.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity produced.

Legal Protection

Measures and regulations implemented by governments or organizations to safeguard the rights and properties of individuals, companies, or other entities.