Law And Ethics In Medicine Ch 6 Vocab

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diagnostic related group

Back 1

related medical groups contributing their diagnosis of the nature of a patient's disease upon which standardized fees are based.

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prospective

Back 2

likely to come about; looking forward to the future.

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sole proprietorship

Back 3

ownership of a business by one person

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partnership

Back 4

an association of two or more individuals to act as co-owners of a business venture.

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corporation

Back 5

a means by which a group of people can unite to create an entity to do something impossible for the individual members. The organization is established by filing a certification of corporation in the state where its main place of business is located.

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conglomerate

Back 6

a corporation diversifying operations by acquiring varied enterprises.

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capital

Back 7

the assets in money or property accumulated by individual, partnership, or corporate ownership of a business; net worth.

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assets

Back 8

personal belongings and property owned a person or, if he or she has died, by his or her estate.

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notice

Back 9

an announcement, written or displayed, giving pertinent information to those interested in a certain person, place, or event, or in any legal agreement such as a partnership.

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debts

Back 10

money, services, or goods owed to some person or persons to whom one is obligated.

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creditors

Back 11

those to whom money or its equivalent is owed.

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shares

Back 12

units of stock giving the possessor part ownership in a corporation.

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officers

Back 13

persons holding formal positions of trust in an organization, especially those involved in high levels of management.

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directors

Back 14

those elected and terminated by stock holders to management responsibility in a corporation.

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stockholders

Back 15

those who hold an interest (stock) in a corporation.

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investment

Back 16

expenditure of capital to secure income or profit.

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management

Back 17

direction or administration of the affairs of a person, business, or organization.

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bylaws

Back 18

regulations adopted by a corporation or association to govern its internal affairs.

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profits

Back 19

the gains accrued from business or investments after the payment of expenses.

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dividends

Back 20

distributed profits of a corporation.

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per capita payment

Back 21

pay equally according to the number of individuals.

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subscribers

Back 22

one who agrees to buy or belong for a period of time.

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capitation

Back 23

payment in a lump sum to physicians, health maintenance organizations, and health care facilities to deliver health care to a segment of the population.

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fee for service

Back 24

basis of professional billing, either so much per hour or per indentified procedure.

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comprehensive

Back 25

covering completely or broadly; inclusive.

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joint venture

Back 26

a group of persons together performing some business undertaking.

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negotiated fee schedules

Back 27

the process of the submission and consideration of offers until an offer is accepted. Fee schedule refers to the amount an insurance company or other third-party payor will reimburse for a medical procedure.

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utilization review

Back 28

a process by which hospitals review patient progress in order to efficiently allocate scarce medical resources.

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discrimination

Back 29

failure to treat all persons equally when there is no reasonable distinction between those favored and those unfavored.

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interstate

Back 30

between two or more states.

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disparate

Back 31

a marked difference between two things.

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impact

Back 32

the force of impression of one thing on another.

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inference

Back 33

a process of reasoning by which a fact is deduced as a logical consequence of other facts.

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facially neutral

Back 34

on the surface the matter is impartial, or does not take an active part in either side.

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probable cause (reasonable cause)

Back 35

having more evidence for than against.

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comparable

Back 36

the representation of one thing or person similar to another.

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retirement benefits

Back 37

benefits paid to an employee for a prior term of service after he or she discontinues work for that employer.

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collective bargaining

Back 38

procedural attempt to achieve collective agreements between an employer and accredited representative of a group of employees, to improve the conditions of employment.

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bargaining unit

Back 39

the labor union, or group of employees with similar interests, authorized to conduct negotiations on behalf of the employees who are members of the union or group.

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good faith

Back 40

honesty of intention.

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risk management

Back 41

minimizing the danger or hazard

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quality assurance

Back 42

responsibility to uphold the quality of care of patients in treatment situations.

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negligent per se

Back 43

conduct that is against common knowledge that, by its act, without argument, can be declared negligence.

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mitigating

Back 44

make less severe due to considerations of fairness and mercy.

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levy

Back 45

to raise or execute a tax.

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tender

Back 46

an offer of money from one person to another.

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venue

Back 47

the particular county or geographic area where a court may try a case.