What Is the Key Element in the Horizontal Integration of Health-Care

question 17

Multiple Choice

What is the key element in the horizontal integration of health-care services?

• A)The use of a fee-for-service method of payment
• B)One hospital providing the entire scope of services, so clients can be cared for without referral outside the system
• C)Several health-care agencies working together to cut costs by sharing resources
• D)The development of clinics outside the hospital to provide services traditionally found in the hospital

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Definitions:

Salvage Value

The predicted sale value of an asset at the end of its operational life.

Trade-In Allowance

The credit offered by a seller for an old item that is given as part of the payment for a new item, reducing the cash needed to complete the new purchase.

Accumulated Depreciation

This refers to the total amount of depreciation expense that has been recorded for an asset since it was acquired, reflecting its decrease in value over time.

Cash Price

The amount of money required to purchase a good or service using cash, as opposed to credit terms or financing.