Test 2

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

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