Objectives
Studying and applying the material in this chapter will help you to:
* Describe how methods for paying medical costs have changed over the years
* Contrast fee-for-service and managed care reimbursement methods
* Explain the purpose of managed care systems and describe the methods used to control costs
* Define Medicare, Medicaid, and DRGs
* Identify the four major areas of expenditures incurred by a health care delivery system
* Define accounts receivable, accounts payable, and the cost of money
* Explain ways that the health care worker can help control facility costs
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