____ Consists of Approaches That Monitor and Reduce Medical Costs

question 5

Multiple Choice

____ consists of approaches that monitor and reduce medical costs using restrictions and market system alternatives.

• A) Utilization review
• B) Medical review programs
• C) Managed care
• D) Medical option plans

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Definitions:

HR Metrics

Quantifiable measures used to track and assess the efficiency and effectiveness of HR practices within an organization.

Performance Indicators

Quantifiable metrics used to gauge the effectiveness or success of an activity, process, or organization.

Big Data

Large and complex data sets that require advanced processing systems for analysis, offering insights for decision-making and strategic planning across various fields.

Data Analysis

The process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making.