No Matter What Amount a Provider Charges for a Given

question 5

Multiple Choice

No matter what amount a provider charges for a given service, each third-party payer will establish the amount they will pay based on what is considered:

• A) medically appropriate.
• B) usual and ordinary.
• C) usual, customary, and reasonable.
• D) average.

---

Definitions:

Repair People

Individuals or workers specialized in fixing and maintaining machinery, equipment, or facilities.

Marginal Revenue Product

The additional revenue generated from using one more unit of a factor of production or input.

Mechanics

The branch of physics that deals with the behavior of physical bodies when subjected to forces or displacements and the subsequent effects of the bodies on their environment.

Profit

The financial gain made in a transaction or through business operations after subtracting all expenses.