HCM 388 Final Exam Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Joint venture
Answer:
a mutual endeavor by two or more organizations for a specific purpose or for a
limited duration. Parties have fiduciary responsibilities to each other; profits and
losses shared
according to agreements, each participant may be liable to third parties
Q: Concierge medicine
Answer:
a relationship between a patient and a primary care physician in which
the patient pays an annual fee in return for direct personalizes care, aka boutique
medicine
,HCM 388 Final Exam Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Account Care Organization (ACO)
Answer:
an organization of hospitals and physicians who jointly-
under a shared governance structure-manage, coordinate, and are accountable for the
quality
and cots of their Medicare patient's care
Q: Apparent agency
Answer:
closely related doctrines that can be used to counter the independent
contractor defense
Q: Duty of loyalty
Answer:
requires an individual to put the interests of the corporation before self-
interest
,HCM 388 Final Exam Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Duty of responsibility
Answer:
to act with due care in every activity of the board. Good faith and
honesty are the major tests in determining whether due care has been exercised.
Q: Multihospital systems
Answer:
two or more acute care hospitals that are owned, leased, sponsored,
or contract-managed by a central organization.
Q: Independent contractor
Answer:
has sole control over the means and methods of the work to be
accomplished, although the person who employs, hires, or appoints a contactor
retains the
general power of approval over the final work product.
, HCM 388 Final Exam Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Utilization management
Answer:
proactive techniques to improve the efficiency and to control the
cost of health services by influencing providers' medical decisions; typically includes
concurrent
peer review process.
Q: Dictum
Answer:
a comment in a legal opinion that is not binding because it is not required to reach
the decision but that may state a related legal principle as the judge understands it;
Latin for
"remark"
Latest 2026 Update
Q: Joint venture
Answer:
a mutual endeavor by two or more organizations for a specific purpose or for a
limited duration. Parties have fiduciary responsibilities to each other; profits and
losses shared
according to agreements, each participant may be liable to third parties
Q: Concierge medicine
Answer:
a relationship between a patient and a primary care physician in which
the patient pays an annual fee in return for direct personalizes care, aka boutique
medicine
,HCM 388 Final Exam Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Account Care Organization (ACO)
Answer:
an organization of hospitals and physicians who jointly-
under a shared governance structure-manage, coordinate, and are accountable for the
quality
and cots of their Medicare patient's care
Q: Apparent agency
Answer:
closely related doctrines that can be used to counter the independent
contractor defense
Q: Duty of loyalty
Answer:
requires an individual to put the interests of the corporation before self-
interest
,HCM 388 Final Exam Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Duty of responsibility
Answer:
to act with due care in every activity of the board. Good faith and
honesty are the major tests in determining whether due care has been exercised.
Q: Multihospital systems
Answer:
two or more acute care hospitals that are owned, leased, sponsored,
or contract-managed by a central organization.
Q: Independent contractor
Answer:
has sole control over the means and methods of the work to be
accomplished, although the person who employs, hires, or appoints a contactor
retains the
general power of approval over the final work product.
, HCM 388 Final Exam Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Utilization management
Answer:
proactive techniques to improve the efficiency and to control the
cost of health services by influencing providers' medical decisions; typically includes
concurrent
peer review process.
Q: Dictum
Answer:
a comment in a legal opinion that is not binding because it is not required to reach
the decision but that may state a related legal principle as the judge understands it;
Latin for
"remark"
