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healthcare ecosystem - CORRECT ANSWERS ✔✔a system
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composed of elements that create a community|\ |\ |\ |\ |\ |\
healthcare system - CORRECT ANSWERS ✔✔an |\ |\ |\ |\ |\ |\
organization of individuals, institutions, and resources |\ |\ |\ |\ |\ |\
that deliver services to clients
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stakeholders - CORRECT ANSWERS ✔✔a group of people |\ |\ |\ |\ |\ |\ |\ |\
with a common interest, especially in a business
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provider - CORRECT ANSWERS ✔✔a person or institution
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that performs a service; for example, a healthcare worker
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performs health services. |\ |\
healthcare producers - CORRECT ANSWERS ✔✔diverse
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individuals with various skills and knowledge who provide
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services to patients |\ |\
product - CORRECT ANSWERS ✔✔multiple client services
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and treatment in the healthcare system
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,licensure - CORRECT ANSWERS ✔✔education and
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qualifications for healthcare providers |\ |\ |\
payers - CORRECT ANSWERS ✔✔individuals or
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organizations who cover the costs of healthcare services,|\ |\ |\ |\ |\ |\ |\ |\
either through self-pay or insurance companies
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purchasers - CORRECT ANSWERS ✔✔an individual or|\ |\ |\ |\ |\ |\ |\
organization that purchases healthcare coverage on |\ |\ |\ |\ |\ |\
behalf of their employees
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investors - CORRECT ANSWERS ✔✔individuals or
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organizations who invest in healthcare services |\ |\ |\ |\ |\
National Committee for Quality Assurance (NCQA) -
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CORRECT ANSWERS ✔✔monitors payer organizations
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Joint Commission on Accreditation of Healthcare
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Organizations (JCAHO) - CORRECT ANSWERS ✔✔helps |\ |\ |\ |\ |\ |\
improve and monitor providers' quality of care
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U.S. Department of Health and Human Services -
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CORRECT ANSWERS ✔✔government organization that
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protects consumers from harm
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,government regulations - CORRECT ANSWERS ✔✔helps |\ |\ |\ |\ |\ |\
reduce harm to healthcare patients and employees
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health insurance - CORRECT ANSWERS ✔✔payment for
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health services |\
fee-for-service - CORRECT ANSWERS ✔✔providers receive |\ |\ |\ |\ |\
payment for services performed
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health maintenance organizations - CORRECT ANSWERS
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✔✔a model in which providers are paid capitation
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payments, restricting patients to a preferred list of
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providers and controlling access to care
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insurance risk - CORRECT ANSWERS ✔✔an event covered
|\ |\ |\ |\ |\ |\ |\ |\
by insurance; the risk of payment is borne by the insurer,
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so insurance companies work hard to manage risk for
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both individuals and groups
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insurance expenses - CORRECT ANSWERS ✔✔payments
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such as deductibles, premiums, and co-pays
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Moral hazards - CORRECT ANSWERS ✔✔situation in which
|\ |\ |\ |\ |\ |\ |\ |\
individual incurs no consequence for a decision, allowing
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, for extravagant choices such as using more medical
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services than are necessary
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adverse selection - CORRECT ANSWERS ✔✔in insurance
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terms, a situation in which the insured person has
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information that the insurer does not have, gaining
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coverage at a cost below the true level of risk
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value-based care - CORRECT ANSWERS ✔✔provider of |\ |\ |\ |\ |\ |\ |\
service awards for quality patient care
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wellness and prevention - CORRECT ANSWERS ✔✔reduce
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cost and improve patient outcomes
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legislation - CORRECT ANSWERS ✔✔standardizes care
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and protects patients
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Affordable Care Act - CORRECT ANSWERS ✔✔a law that
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states everyone in the United States can receive
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affordable, accessible, quality care |\ |\ |\
Medicare - CORRECT ANSWERS ✔✔health insurance for
|\ |\ |\ |\ |\ |\ |\
people over age 65 and people on social security
|\ |\ |\ |\ |\ |\ |\ |\ |\
disability