Case Management Has Many Concepts

question 7

Multiple Choice

Case management has many concepts. As with medication administration, there are five "rights" of case management: They include:

• A) Care, time, provider, setting, and price
• B) Patient, medication, route, time, documentation
• C) Place, setting, patient, plan, outcomes
• D) Disease process, time, place, beneficence, advocate

Understand specific assessment techniques for particular conditions or ages.

Understand the terminology and definitions used in accounting practices specific to accounts payable, accounts receivable, and general office financial management.

Calculate and interpret financial ratios, such as the gross collection ratio and the accounts receivable (A/R) ratio.

Recognize the importance of timely billing and payment processes in maintaining healthy cash flow.

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Definitions:

Canada Savings Bond

A secure investment instrument offered by the Canadian government, allowing citizens to lend money to the government with a guaranteed return.

Redeemed

Refers to the act of exchanging a financial instrument, such as a bond or coupon, for cash or goods.

Interest Rates

The percentage of a loan or deposit amount charged as interest to the borrower or paid to the investor.

Escalating Rate GIC

A Guaranteed Investment Certificate (GIC) with an interest rate that increases at predetermined intervals throughout the term.