Managed Care Concepts Facilitates the Processing of Medical Claims for Organizations

question 13

Multiple Choice

Managed Care Concepts facilitates the processing of medical claims for organizations, such as government agencies, whose employees are injured while performing their jobs. The company does not actually process the claims. Instead, it coordinates the work of customer service personnel, nurses, physicians, case managers, and pharmacists who work for other companies and have some role to play in the processing of an injured worker's claim. Managed Care Concepts relieves its clients of the burden of processing their own injured worker claims and can usually save the organizations a significant amount of money. Managed Care Concepts operates like a:

• A) Merchant wholesaler.
• B) Manufacturer's agent.
• C) Virtual Corporation.
• D) Manufacturer.
• E) None of these.

Understand the relationship between the elasticity of supply and demand and tax incidence.

Calculate and analyze deadweight loss resulting from taxes and how it affects overall market efficiency.

Understand the effects of subsidies and how they affect supply and demand equilibrium.

Analyze the impact of quantity taxes on market behavior and equilibrium.