Medical mod Study guides, Class notes & Summaries

What is the basic assumption underlying concept of a free market and how is it challenged by the theory of "bounded rationality?" (Mod 1.1) - correct answer Assumption that rational customers will make informed decisions about value, quality and price, while producers who meet consumer's demands will be rewarded with market share and profit. However this is challenged by the consumer's "bounded rationality" - rational consumer is only functional up to a certain point because choices are ...

CPB Exam Study Guide Questions & Answers 2023/2024 What is the drawback of an HMO? - ANSWER-A. Providers have an incentive to keep treatment cost at a minimum. B. The HMO administrators determine what services are reimbursed and what is not. C. The provider is now a gatekeeper to the patient's medical care. D. All of the answers are correct Answer: D All of the answer are correct The healthcare carrier refused to accept MOD-RT and MOD-LT and only accepted MOD-50. What does this mean...

CEBS GBA Exam 1 Questions with Correct Answers Broad view of Employee Benefits (Mod 1.1) - Answer-Considers Employee Benefits to be virtually any form of compensation other than direct wages paid to Employees (Ex: WC, Unemployment, State DI, SS, Vacation, Holidays, 401K/Retirement, Employer share of Medical, Severance Pay, Child Care, etc..) Narrow view of Employee Benefits (Mod 1.1) - Answer-Any type of plan sponsored or initiated by Employees and Employers and engaged in providing benefit...

Comprehensive Medical Terminol Module 1 Exam Questions and Correct Answers

Broad view of Employee Benefits (Mod 1.1) - Considers Employee Benefits to be virtually any form of compensation other than direct wages paid to Employees (Ex: WC, Unemployment, State DI, SS, Vacation, Holidays, 401K/Retirement, Employer share of Medical, Severance Pay, Child Care, etc..) Narrow view of Employee Benefits (Mod 1.1) - Any type of plan sponsored or initiated by Employees and Employers and engaged in providing benefits that result from the employment relationship and that are ...

DANB Exam Questions with Correct Answers What should be done to prevent the patient from accidentally swallowing the rubber dam clamp? - Answer-tie a piece of floss around the clamp What should be the treatment for a conscious patient in insulin shock? - Answer-administer a sugar source Which tooth is represented by the letter E? - Answer-primary maxillary right central incisor Which procedure involves the removal of coronal portion of the pulp? - Answer-pulpotomy What is the range ...

CEBS GBA Exam 2 Questions with Correct Answers What is the basic assumption underlying concept of a free market and how is it challenged by the theory of "bounded rationality?" (Mod 1.1) - Answer-Rational customers will make informed decisions about value, quality and price, while producers who meet consumer's demands will be rewarded with market share and profit. What are economic benefits of a free market? (Mod 1.1) - Answer-If an individual does not like their provider or health pla...

CMP 101 Final EXAM QUESTIONS WIT REVISED ANSWERS What is an EMR? - Answer--Simply speaking your EMR compares your workers' compensation claims experience to other employers of similar size operating in the same type of business. -Most employers who have an annual premium in excess of $3,000 will receive an Experience Mod. What the number means - Answer--If you are at the industry average, your EMR is a 1.0. -If your experience is 20% better than average, your EMR would be a .80. If 20%...

An employee welfare benefit plan has four basis elements. What are these elements? (Mod 1.1) - correct answer 1) There must be a plan, fund or program. 2) The plan, fund or program is established or maintained by an employer. 3) The plan, fund or program is for the purpose of providing specifically listed benefits, through the purchase of insurance or otherwise. 4) Benefits are provided to participants and beneficiaries. Explain how a "plan, fund or program" for an employee benefit pla...