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diagnostic related groups (DRGs)
related medical groups contributing their diagnosis of the nature of a patient's disease on which standardized fees are based
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prospective payment system
likely to come about; looking forward to the future
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sole proprietorship
ownership of a business by one person
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partnership
an association of two or more individuals to act as co-owners of a business venture
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corporation
a means by which a group of people can unite to create an entity to do something impossible for the individual members. The organization is established by filing a certification of corporation in the state where its main place of business is located
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conglomerate
a corporation diversifying operations by acquiring varied enterprises
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limited liability corporation
business structure with corporation and partnership qualifications, which provides protection from personal liabilities like a corporation and the tax advantages of a partnership
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limited liability partnership
a form of general partnership that provides protection from liability for an individual partner for certain partnerships obligations
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capital
the assets in money or property accumulated by individual, partnership, or corporate ownership of a business; net worth
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assets
personal belongings and property owned by a person or, if he or she has died, y his or her estate.
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notice
announcement, written or displayed, giving pertinent information to those interested in a certain person, place, or event, or in any legal agreement such as a partnership
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debt
money, servings, or goods owed to some person or persons to whom one is obligated
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creditors
those to whom money or its equivalent is owned
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shares
units of stock giving the possessor part ownership in a corporation
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officers
persons holding formal positions of trust in an organization, especially those involved in high levels of management
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directors
those who elected and terminated by stockholders to management responsibility in a corporation
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stockholders
those who hold an interest (stock) in a corporation
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investment
expenditure of capital to secure income or profit
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management
direction or administration of the affairs of a person, business, or organization
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bylaws
regulations adopted by a corporation or association to govern its internal affairs
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profits
the gains accured from business or investments after the payment of expenses
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dividends
distributed profits of a corporation
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per capita payment
pay equally according to the number of individuals
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subscriver
one who agrees to buy or belong for a period of time
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capitation
payment in a lump sum to physicians, HMOs, and health care facilities to deliver health care to a segment of the population
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fee-for-service
basis of professional billing, either so much per hour or per identified procedure
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comprehensive
covering completely or broadly; inclusinv
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Joint ventre
a group of persons together performing some business undertaking
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negotiated free schedules
the process of the submission and consideration of offers until an offer is accepted. Free schedule refers to the amount an insurance company or other third-party payer will reimburse for a medical procedure.
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utilization review
a process by which hospitals review patient progress to efficiently allocate scarce medical resources
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discrimination
failure to treat all persons equally when there is no reasonable distinction between those favored and those unfavored
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interstate commerce
the movement of goods and services, or services that rely on the movement of goods, which cross state boarders within the U.S.
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interstate
between two or more states
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disparate treatment
a marked difference between two things
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disparate impact
the force of impression of one thing on another
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inference
a process of reasoning by which a fact is deduced as logical consequence of other facts
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facially neutral
on the surface the matter is impartial, or does not take an active part in either side
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probable cause (reasonable cause)
having more evidence for than against
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comparable
the representation of one thing or person similar to another
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retirement benefits
benefits paid to an employee for a prior term of service after he or she discontinues work for that employer
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collective bargaining
procedural attempt to achieve collective agreements between an employer and accredited representative of a group of employees, to improve the conditions of employment
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bargaining unit
the labor union, or group of employees with similar interests, authorized to conduct negotiations on behalf of the employees who are members of the union or group
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good faith
honesty of intention
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risk management
minimizing the danger or hazard
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quality assurance
responsibility to uphold the quality of care of patients in treatment situations
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negligent per se
conduct that is against common knowledge that, by its act, without argument, can be declared negligence
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mitigating
make less severe due to considerations of fairness and mercy
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levy
to raise or execute a tax
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tendered
an offer of money from one person to another
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venue
the particular county of geographic area where a court may try a case
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