The ____________________ Program Was Developed by Congress to Monitor the Necessity

question 34

Multiple Choice

The ____________________ program was developed by Congress to monitor the necessity of hospital admissions and review the treatment costs and medical records of hospitals.

• A)Medicare Administrative Contractors (MACs)
• B)Quality Improvement Organizations (QIO)
• C)Health Maintenance Organization (HMO)
• D)Special Needs Plan (SNP)

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Definitions:

Merging Firms

The process where two or more companies combine into a single company, often to expand market share, reduce costs, or increase competitiveness.

Identical Product

A product that is exactly the same in every feature, quality, and production process with another product, making them interchangeable.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies while the other players keep theirs unchanged, indicating an optimal state of balance.

Jointly Maximize Profits

A strategy where multiple parties or firms collaborate to enhance their collective profitability.