Flashcards in Test 2 Deck (68)
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1
What is considered long term health care?
Care that lasts for more than 90 days
2
Basic activities such as mobility, eating, toileting, dressing and bathing
ADL
3
Activities like managing money, telephoning, grocery shopping, personal shopping, using transportation, and housekeeping and managing medication
Instrumental activities of daily living
4
Authorizes federal grants for construction of public or nonprofit community mental health centers
Community mental health act of 1963
5
Requires group health plans and health insurance issuers to ensure that financial requirements and treatment limitations applicable to mental health or substance use disorder
Parity Act of 2008
6
Hospitals and primary physicians would transform their practices financially, technologically, and clinically to drive better health outcomes, lower costs, and improve their methods of distribution and accessibility.
Affordable care act
7
Ability to cope with a change, a positive outlook on life, ability to interact in close relationships in a loving and supportive manner, and the general feeling of well-being that can be assessed in the individual
Mental Health
8
Provides a product or service to customers for a profit
Business
9
Profit is the primary reason for the business to exist
For-profit
10
Something other than profit is the main objective; profits are invested back into the business, often to help the less fortunate
Non-profit
11
One person owns the business and makes all the decisions, and collects all of the profits
Sole Proprietorship
12
At least two individuals own the business and makes shared decision making, risk, and profits
Partnership
13
Each partner's liability is limited to their contribution
Limited liability partnership
14
Separates ownership and management, shareholders own the business, but delegate management, risks&profits are limited to the shareholder's investment
Corporation
15
Process of planning, organizing, directing, and controlling business's resources to achieve the objectives
Management
16
Exchange process between a business and its customers
Marketing
17
Accounts receivable vs. accounts payable
Accounting
18
Process of physically creating the product or service
Production
19
Use of technology to manage information
Information technology
20
Use of electronic health records, recently laid off employees are eligible for a 9 month federal subsidy that covers 65% of premiums
American Recovery and Reinvestment act (ARRA) of 2009
21
Regulates portability, access, and mandated benefits, fraud, abuse, and reform of medical liability
HIPAA act of 1996
22
Based on supply/ demand, competition is key
Market economy
23
What two things make up profitability?
Revenue maximization and cost minimization
24
Evaluates and accredits health care organizations, focus on improvement of quality and safety of health care services, regulates competition through antitrust laws
Joint Commission
25
Created medicare and medicaid
1965 Social security act
26
Prohibits businesses from taking actions that lessens competition and prohibits mergers, monopolies, and price fixing/discrimination
Antitrust Laws
27
Prohibits restraint of trade and monopolization
Sherman Antitrust Act
28
Restrict practices such as price discrimination, exclusive dealing, and tying contracts
Clayton Act
29
Establishes federal trade commission to investigate business practices that are unfair
Federal trade commission act
30
