The Payment Mechanism That Medicare Uses Within Its Health Care

question 10

Multiple Choice

The payment mechanism that Medicare uses within its health care financing is:

• A) Capitation
• B) Fixed payments
• C) Direct contracting
• D) Prospective payment

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Definitions:

Fiduciary Duty

An obligation to act in the best interest of another party. For instance, a fiduciary duty exists between a trustee and the beneficiaries of the trust.

Competing Business

An enterprise engaged in the same industry or market as another business, striving to achieve superiority in sales, product, and presence.

Written Agreement

A formally documented arrangement between parties clearly outlining each party's rights, duties, and responsibilities.

Oil Change Store

An oil change store is a service establishment that specializes in changing the oil and oil filter in vehicles as part of routine maintenance.