C432 WGU Healthcare Management and Strategy +
Pre Assessment Actual Exam with complete questions
and correct detailed answers\verified 100% Graded
A+ HCM 3510
Accountable Care Organization (ACO)
A payment and healthcare delivery model in which a group of
healthcare
providers work together to coordinate a patient's care, improve quality,
and reduce costs.
Acquisition
The purchase (or merger) of an existing organization. Through
this method of growth, the acquiring organization gains an
established product in the market and may also reduce
competition by eliminating one of its
competitors.
, Affordable Care Act (ACA)
A law passed by the federal government in 2010 that seeks to decrease
the number of uninsured to improve health outcomes and streamline
the
delivery of healthcare.
Diversification
Strategic expansion into different businesses.
Horizontal Expansion (integration)
The acquisition and/or merger of two or more organizations that
produce similar products or services.
,Internal Expansion
A method of business growth that builds on an organization's
capabilities and resources and may include developing new
products and services,
launching marketing efforts to increase market share, or introducing
existing products into new markets.
Networks
Joint ventures and alliances between established organizations for
growth purposes. By forming networks, organizations can enter a
market more quickly and with minimal risk.
Related Diversification
Expansion into a different business that uses similar technologies (also
called concentric diversification) or adds new products or services to
an organization's existing offerings (also called horizontal
diversification).
, Transaction Cost Economics
A theory that suggests organizational boundaries are influenced by
organizations' efforts to mitigate the costs of transactions and
contractual hazards that are incurred by buying and selling assets
and services.
Transfer Pricing
The "price" charged for intra-organization trade. (ex. the sale or
transfer of goods and services within an organization).
Unrelated (conglomerate or lateral) Diversification
The addition of new products or services that have little or no
overlap with an organization's current products/services and
assets.
Vertical Expansion
Acquisition of a business that is a source of supplies for the acquiring
organization (backward expansion) or that purchases from the
acquiring organization (forward expansion).
Vertical Integration
Assimilation of the vertical components of an organization through
greater internal control and coordination.
Pre Assessment Actual Exam with complete questions
and correct detailed answers\verified 100% Graded
A+ HCM 3510
Accountable Care Organization (ACO)
A payment and healthcare delivery model in which a group of
healthcare
providers work together to coordinate a patient's care, improve quality,
and reduce costs.
Acquisition
The purchase (or merger) of an existing organization. Through
this method of growth, the acquiring organization gains an
established product in the market and may also reduce
competition by eliminating one of its
competitors.
, Affordable Care Act (ACA)
A law passed by the federal government in 2010 that seeks to decrease
the number of uninsured to improve health outcomes and streamline
the
delivery of healthcare.
Diversification
Strategic expansion into different businesses.
Horizontal Expansion (integration)
The acquisition and/or merger of two or more organizations that
produce similar products or services.
,Internal Expansion
A method of business growth that builds on an organization's
capabilities and resources and may include developing new
products and services,
launching marketing efforts to increase market share, or introducing
existing products into new markets.
Networks
Joint ventures and alliances between established organizations for
growth purposes. By forming networks, organizations can enter a
market more quickly and with minimal risk.
Related Diversification
Expansion into a different business that uses similar technologies (also
called concentric diversification) or adds new products or services to
an organization's existing offerings (also called horizontal
diversification).
, Transaction Cost Economics
A theory that suggests organizational boundaries are influenced by
organizations' efforts to mitigate the costs of transactions and
contractual hazards that are incurred by buying and selling assets
and services.
Transfer Pricing
The "price" charged for intra-organization trade. (ex. the sale or
transfer of goods and services within an organization).
Unrelated (conglomerate or lateral) Diversification
The addition of new products or services that have little or no
overlap with an organization's current products/services and
assets.
Vertical Expansion
Acquisition of a business that is a source of supplies for the acquiring
organization (backward expansion) or that purchases from the
acquiring organization (forward expansion).
Vertical Integration
Assimilation of the vertical components of an organization through
greater internal control and coordination.
