chapter 5

Question 1

budget limits

Answer 1

the amount of money available to and individual or organization to spend on a particular good or service

Question 2

business cycle

Answer 2

natural, recurring expansion and contaction within business

Question 3

capitation

Answer 3

a payment where ONE fee is applied for all necessary services

Question 4

cost-benefit analysis

Answer 4

a method of comparing the monetary gains and expenses associated with health care programs and start up and maintenance costs

Question 5

cost-effectiveness analysis

Answer 5

compares alternative approaches for achieving the same goals between two or more approaches

Question 6

cost-utility analysis

Answer 6

a method of determining which program provides the best outcome for the lowest cost

Question 7

demand

Answer 7

willingness, ability, and desire to purchase a commodity or service

Question 8

diagnosis-related groups

Answer 8

client classification scheme that defines 468 illnesses

Question 9

economic growth

Answer 9

increase in output of a nation. two measures are gross national product (GNP) and gross domestic product (GDP)

Question 10

economics

Answer 10

science concerned with the use of resources, including producing , distributing, and consuming goods and services

Question 11

effectiveness

Answer 11

a measure of an organizations performance as compared with its philosophy, goals and objectives

Question 12

efficiency

Answer 12

the process of meeting goals in a way that minimizes costs and maximizes benefits

Question 13

enabling

Answer 13

preventing the addict from experiencing the consequences of the addiction. sheiding people from the consequences of their actions

Question 14

fee-for-service

Answer 14

lists of services and how much one must pay for those services

Question 15

gross domestic product

Answer 15

compares healthcare spending between countries

Question 16

gross national product

Answer 16

total value of all final goods and services produced in one year in the US

Question 17

thealth care rationing

Answer 17

a method to reduce the health care costs by controlling the use of health care services and technologies

Question 18

health economics

Answer 18

concerned with how scarce resources affect the health industry

Question 19

human capital

Answer 19

measure of macroeconomics theory that involves improving human qualities like health. focus for spending money on goods and services because health is valued. it increase productivity and income earning ability

Question 20

inflation

Answer 20

sustained upward trend in the prices of goods and services

Question 21

intensity

Answer 21

use of technologies, supplies, and health care services by or for the client

Question 22

investement in public health

Answer 22

movement toward improving the populations health by all levels of the government

Question 23

macroeconnomic theory

Answer 23

deals with the total aggregate of all the individuals and organizations

Question 24

managed care

Answer 24

integrating payment of services with delivery of services. focus of cost-effectiveness

Question 25

managed competition

Answer 25

creation of a market condition in which the more efficient providers will survive and the more costly will be put out of business

Question 26

market

Answer 26

fnetwork of buyers and sellers of a commodity, such as health care services

Question 27

means testing

Answer 27

method used to assess whether a client's income level qualifies the client for medicare

Question 28

Medicaid

Answer 28

medical services for the elderly, blind, poor, disabled, and families with dependent children

Question 29

microeconomic theory

Answer 29

the branch of economics that deals with the behaviors of people that effect those behaviors on prices, costs, and the allocation of services

Question 30

Medicare

Answer 30

health insurance for the old or those with end stage kidney failure

Question 31

medical technology

Answer 31

use of equipment to deliver medical services

Question 32

Prospective payment system

Answer 32

the diagnosis related to group payment system to reimburse hospitals thru medicare

Question 33

public health finance

Answer 33

managing the use of money to improve public health

Question 34

quality of adjusted life years

Answer 34

the sum of the years of life multiplied by the quality of life in each of those years

Question 35

retrospective reimbursement

Answer 35

method of payment to an agency based on units of service delivered

Question 36

safety net providers

Answer 36

clinics that increase access to health and social services for vulnerable populations with limited financial ability to pay for care

Question 37

supply

Answer 37

quantity or amount of goods or services available

Question 38

third party payer

Answer 38

reimbursement made to health care provider other than the client. (insurance, employer)