Test 2

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

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