chaper 1 Flashcards
(23 cards)
agent
one who has authority to act on behalf of another
bylaws
regulations adopted by a coroporaton or assiciation to govern its internal affirs
capitation
payment in a lump sun to physicians hmos and health care facilities to deliver health care to a segment of the pioulation
certification
a record of being qualified to perform certain acts after passing an examination given b an accredited professional organization
conglomerate
a corporation diversifying operations by acquiring varied enterprises
directors
those elcted and terminated b stockholders to manage a corportion
dividentds
distributed profits ofa corportation
fee for service
basis of professional billing either so much per hour or per identified procecure
investment
expenditure of reasources to secure income or profit
joint venture
group pf persons togtether performing some specific business undertaking that is limited in duration or scope
legal entity
indiviual or organization that has legal capacity to contract incur and pay debts and sue and be sued
negligence
faliure to act with reasonable and prudent care given the circumstanes
negotiated fee schedules
process of the submission and consideration of offers until an offer is accepted
notice
announcement of perinent information to those interested
officers
person holding formal postions of trust in an organization
per capita payment
pay equally
resonable person
a prudent person whose behavior would be considered approitate
registration
administravite qulifications for a licensed profession
respondeat superior
legal theory that requires an employer be responsible for the behavior of an employee
shares
units of stock giving the possessor part ownership
stockholders
those who hold an interest in a corporation
utilization review
process by which hospitals review patient progess
vicariously liable
legally obligated for the acts of others
