WGU C432 Session 2 Questions with Correct Answers Latest Update 2023 Graded A

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. Barriers to entry Obstacles that impede an organization from entering a market. Benchmarking Comparison of internal data to those of outside organizations for purposes of evaluating an organization's performance. Business plan A written document that defines, analyzes, and promotes a specific proposal, line of business, or innovative concept Certificate of Need (CON) State laws in the United States that require organizations to obtain approval from a state planning agency before beginning a major capital project Chain of command The formal channel that defines the line of authority and reporting relationships up and down an organization's hierarchy