A Major Objective of a Professional Review Organization (PRO) Is

question 17

Multiple Choice

A major objective of a Professional Review Organization (PRO) is to reduce:

• A) The liability of the agency by reviewing patterns of risk
• B) Inappropriate admissions and unnecessary procedures
• C) The use of alternative care options such as home care
• D) The practice of professionals without appropriate credentials

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Definitions:

Money Supply

The whole of economic resources in an economy, represented by cash, coins, and checking and savings accounts' balances, at a given time.

Excess Reserves

Excess reserves refer to the capital reserves held by a bank or financial institution in excess of what is required by regulations, guidelines, or central bank requirements.

Individual Bank

A financial institution that deals with consumers and businesses to offer deposit, loan, and investment services on an individual basis.

Discount Rate

The cost in interest that commercial banks and similar storage institutions incur on borrowing from their regional Federal Reserve Bank’s loaning service.