With declining occupancy rates, hospitals have faced financial pressure. Hospital mergers lead to offsetting impacts with __________ leading to potentially lower costs, but __________ leading to potentially higher prices.
A. monopoly power; higher input prices
B. economies of scale; monopoly power
C. increased revenue; higher input prices
D. lower input prices; less regulation
Question 4 of 40
5.0/ 5.0 Points
Education, feedback, and surveillance programs are concerned with:
A. reducing the amount of inappropriate medical care.
B. increasing patient access to the latest medical technology.
C. retaining a qualified hospital staff.
D. the low enrollments in medical school.
Question 5 of 40
5.0/ 5.0 Points
Which of the following statements regarding the disutility of discretion model is FALSE?
A. The marginal utility to inducement is negative.
B. Physicians always respond to increased competition by providing more induced services.
C. If a physician decides to induce more services, a larger amount of income is necessary to compensate for the additional inducements.
D. With income on the vertical axis and inducement on the horizontal axis, the slope of the indifference curve must be positive.
Question 6 of 40
0.0/ 5.0 Points
Analyses in the past decade suggest that since the 1980s the medical arms race has:
A. accelerated with hospitals charging ever-higher prices for higher quality.
B. led to more hospitals? leaving rural markets.
C. abated with hospitals facing competitive pressures with respect to price.
D. abated with hospitals facing less competition in the marketplace.
Question 7 of 40
0.0/ 5.0 Points
Home health care is less expensive than hospital or nursing home care because:
A. caregivers? time costs nothing because they are not working outside the home.
B. caregivers only need to be paid minimum wage.
C. the home care is much less capital intensive than care in institutions.
D. costs cannot be computed.
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