Test 2

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TJC accreditation
sākt mācīties
National Organization that evaluates and acredit Healthcare organizations
not for profit designation and profit motive
sākt mācīties
to exist for other than money, they need to generate enough Revenue from operations or get donations
Hill Burton Act
sākt mācīties
required certificate of need (CONS) approval before new hospitals could be built
Monopoly monopsony oligopoly
sākt mācīties
Monopoly only has one seller and can raise prices. monopsony has one buyer with many sellers. oligopoly has few sellers
orphan Drug Act
sākt mācīties
sets incentives and grants exclusive marketing rights to promote development of drugs for rare disease
who are physician customers
sākt mācīties
insurance companies
HIPAA what is it
sākt mācīties
federal law that mandates Insurance portability and setup procedures for electronic data Exchange. Easier to get insurance
SWOT Analysis
sākt mācīties
method used by businesses to analyze the external environment. Strength, Weakness, Opportunities, Threats
key economic indicators
sākt mācīties
interest, inflation, and unemployment rate
economic conditions
sākt mācīties
prosperity, inflation, recession, depression, recovery, unemployment
government role in healthcare
sākt mācīties
provider of healthcare, payer of services, regulator of healthcare providers
what is price fixing
sākt mācīties
people on the same side agreeing to a set price
antitrust
sākt mācīties
prohibits monopolization in other activities that lessen competition
what is price discrimination
sākt mācīties
charging a different price for the same product
what is the business configuration
sākt mācīties
Corporation: has many owners /shareholders. partnership: has two members or more. proprietorship: one person owns a business.
how is profit computed
sākt mācīties
Revenue minus expenses?
Stark 1
sākt mācīties
amendment to Social Security Act that prohibits referrals to clinical lab service where provider has Financial interest$$$$

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