©BRIGHTSTARS EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
HMGT 3311 Vocabulary Exam 1
Accountable Care Organization (ACO) - Answers✔A group of health care providers who provide
coordinated care to target patient populations, with the intent of tying financial incentives to
quality outcomes and lowered costs.
Capitation - Answers✔A system which pays providers a specific amount in advance to care for
the health care needs of a population over a specific time period. Providers are usually paid on
per member per month (PMPM) basis. The provider then assumes the risk that the cost of caring
for the population will not exceed the aggregate PMPM amount received.
Care Mapping - Answers✔A process which specifies in advance the preferred treatment regimen
for patients with particular diagnoses. This is also referred to as a clinical pathway, clinical
protocol, or practice guideline.
Evidence Based Medicine - Answers✔Using the best evidence currently available from both
individual clinical expertise and outside research-based clinical evidence in making decisions
about patient care.
Group Purchasing Organizations - Answers✔Third-party entities that contract with multiple
hospitals to offer cost savings in the purchase of supplies and equipment by negotiating large-
volume discounted contracts with vendors.
Value Based Purchasing - Answers✔CMS has been working to improve the linkage of payment
with the quality of care by implementing a value based purchasing strategy to replace its old
financing system, which basically rewarded the quantity of care.
Accumulated Depreciation - Answers✔The total amount of depreciation taken on an asset since
it was put into use.
Amortization - Answers✔The allocation of the acquisition cost of debt to the period which it
benefits.
Assets - Answers✔Probable future economic benefits obtained or controlled by a particular
entity as a result of past transactions or events
1
ALL RIGHTS RESERVED.
HMGT 3311 Vocabulary Exam 1
Accountable Care Organization (ACO) - Answers✔A group of health care providers who provide
coordinated care to target patient populations, with the intent of tying financial incentives to
quality outcomes and lowered costs.
Capitation - Answers✔A system which pays providers a specific amount in advance to care for
the health care needs of a population over a specific time period. Providers are usually paid on
per member per month (PMPM) basis. The provider then assumes the risk that the cost of caring
for the population will not exceed the aggregate PMPM amount received.
Care Mapping - Answers✔A process which specifies in advance the preferred treatment regimen
for patients with particular diagnoses. This is also referred to as a clinical pathway, clinical
protocol, or practice guideline.
Evidence Based Medicine - Answers✔Using the best evidence currently available from both
individual clinical expertise and outside research-based clinical evidence in making decisions
about patient care.
Group Purchasing Organizations - Answers✔Third-party entities that contract with multiple
hospitals to offer cost savings in the purchase of supplies and equipment by negotiating large-
volume discounted contracts with vendors.
Value Based Purchasing - Answers✔CMS has been working to improve the linkage of payment
with the quality of care by implementing a value based purchasing strategy to replace its old
financing system, which basically rewarded the quantity of care.
Accumulated Depreciation - Answers✔The total amount of depreciation taken on an asset since
it was put into use.
Amortization - Answers✔The allocation of the acquisition cost of debt to the period which it
benefits.
Assets - Answers✔Probable future economic benefits obtained or controlled by a particular
entity as a result of past transactions or events
1
