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What Is Involved in Participative Management and Empowerment

question 156

Essay

What is involved in participative management and empowerment?


Definitions:

Merger

The combination of two or more companies into a single legal entity, typically to expand operations and take advantage of synergies.

Acquisition

The process of obtaining control of another corporation by purchasing or exchanging stock.

Contractual Adjustments

Changes made to the billed amounts of services provided, based on agreements or contracts between providers and payers.

Third-Party Payors

Entities (usually insurance companies or government programs) that pay for healthcare services on behalf of patients, rather than direct payments by patients.

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