Select the Four Types of Patient Status

question 58

Multiple Choice

Select the four types of patient status.

• A)inpatient
• B)home patient
• C)existing
• D)new
• E)outpatient
• F)newborn
• G)established

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Definitions:

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, done on a monthly basis.

Interest Saved

The amount of money that is not paid as interest due to paying off debt earlier or negotiating better rates.

Savings Account

A deposit account held at a financial institution that provides principal security and interest earnings.

Rate of Return

An indicator of the profit or loss on an investment, shown as a percentage of the investment's original value, for a defined timeframe.