The Method of Paying an Organization Whereby the Third-Party Payer

question 12

Multiple Choice

The method of paying an organization whereby the third-party payer establishes the amount of money that will be paid for the delivery of a particular service before offering the services to the client is called:

• A) Retrospective reimbursement
• B) Prospective reimbursement
• C) Fee-for-service
• D) Capitation

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Definitions:

Currency Exchange Rates

How much one currency is valued when converting to a different currency.

Estate Distribution

The process of dividing and allocating an individual's assets and properties after their death, according to their will or the laws of intestacy.

Sales Ratio

A metric used in business and finance to assess the efficiency of sales relative to various factors such as inventory levels, asset base, or overall market size.

Department Forecasting

Department Forecasting involves projecting future sales, budgets, or expenses for a specific department within an organization, aiding in strategic planning and resource allocation.