The Primary Difference Between HMOs and Independent Practice Associations (IPAs)

question 7

Multiple Choice

The primary difference between HMOs and independent practice associations (IPAs) is that under the IPA system:

• A)Physicians lose much of their control over health-care delivery
• B)Clients pay on fee-for-service basis rather than prepaid premiums
• C)Nurses receive reimbursement on an individual basis for the care they provide
• D)The number of services provided is not limited

Identify strategies to maintain and increase liquidity and cash availability in a firm.

Comprehend how effective group communication contributes to the success of entrepreneurial firms.

Recognize the impact of organizational morale on a company's performance and how it changes in troubled times.

Understand the risks associated with undertaking large projects and how they can affect a company's financial health.

---

Definitions:

Risk Neutral

A situation or attitude wherein an individual or entity is indifferent to risk when making investment decisions, caring only about the expected outcome.

Income Potential

The maximum earnings possible for a person or entity, considering various factors like skills, market demand, and economic conditions.

Expected Value

The anticipated value of a variable, computed as the sum of all possible values each multiplied by the probability of its occurrence.

Fair Bet

A betting proposition where the expected gains or losses are theoretically equal, implying no advantage to either side.