law and ethics ch 6 (phlebotomy)

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  1. diagnostic related groups (DRGs)
    related medical groups contributing their diagnosis of the nature of a patient's disease on which standardized fees are based
  2. prospective payment system
    likely to come about; looking forward to the future
  3. sole proprietorship
    ownership of a business by one person
  4. partnership
    an association of two or more individuals to act as co-owners of a business venture
  5. corporation
    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
  6. conglomerate
    a corporation diversifying operations by acquiring varied enterprises
  7. limited liability corporation
    business structure with corporation and partnership qualifications, which provides protection from personal liabilities like a corporation and the tax advantages of a partnership
  8. limited liability partnership
    a form of general partnership that provides protection from liability for an individual partner for certain partnerships obligations
  9. capital
    the assets in money or property accumulated by individual, partnership, or corporate ownership of a business; net worth
  10. assets
    personal belongings and property owned by a person or, if he or she has died, y his or her estate.
  11. notice
    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
  12. debt
    money, servings, or goods owed to some person or persons to whom one is obligated
  13. creditors
    those to whom money or its equivalent is owned
    units of stock giving the possessor part ownership in a corporation
  15. officers
    persons holding formal positions of trust in an organization, especially those involved in high levels of management
  16. directors
    those who elected and terminated by stockholders to management responsibility in a corporation
  17. stockholders
    those who hold an interest (stock) in a corporation
  18. investment
    expenditure of capital to secure income or profit
  19. management
    direction or administration of the affairs of a person, business, or organization
  20. bylaws
    regulations adopted by a corporation or association to govern its internal affairs
  21. profits
    the gains accured from business or investments after the payment of expenses
  22. dividends
    distributed profits of a corporation
  23. per capita payment
    pay equally according to the number of individuals
  24. subscriver
    one who agrees to buy or belong for a period of time
  25. capitation
    payment in a lump sum to physicians, HMOs, and health care facilities to deliver health care to a segment of the population
  26. fee-for-service
    basis of professional billing, either so much per hour or per identified procedure
  27. comprehensive
    covering completely or broadly; inclusinv
  28. Joint ventre
    a group of persons together performing some business undertaking
  29. negotiated free schedules
    the process of the submission and consideration of offers until an offer is accepted. Free schedule refers to the amount an insurance company or other third-party payer will reimburse for a medical procedure.
  30. utilization review
    a process by which hospitals review patient progress to efficiently allocate scarce medical resources
  31. discrimination
    failure to treat all persons equally when there is no reasonable distinction between those favored and those unfavored
  32. interstate commerce
    the movement of goods and services, or services that rely on the movement of goods, which cross state boarders within the U.S.
  33. interstate
    between two or more states
  34. disparate treatment
    a marked difference between two things
  35. disparate impact
    the force of impression of one thing on another
  36. inference
    a process of reasoning by which a fact is deduced as logical consequence of other facts
  37. facially neutral
    on the surface the matter is impartial, or does not take an active part in either side
  38. probable cause (reasonable cause)
    having more evidence for than against
  39. comparable
    the representation of one thing or person similar to another
  40. retirement benefits
    benefits paid to an employee for a prior term of service after he or she discontinues work for that employer
  41. collective bargaining
    procedural attempt to achieve collective agreements between an employer and accredited representative of a group of employees, to improve the conditions of employment
  42. bargaining unit
    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
  43. good faith
    honesty of intention
  44. risk management
    minimizing the danger or hazard
  45. quality assurance
    responsibility to uphold the quality of care of patients in treatment situations
  46. negligent per se
    conduct that is against common knowledge that, by its act, without argument, can be declared negligence
  47. mitigating
    make less severe due to considerations of fairness and mercy
  48. levy
    to raise or execute a tax
  49. tendered
    an offer of money from one person to another
  50. venue
    the particular county of geographic area where a court may try a case
Card Set:
law and ethics ch 6 (phlebotomy)
2011-08-02 05:08:05
rosemary riggs

lbcc phlebotom
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