Cost Management and Ethical Considerations in Healthcare Quiz

Balancing cost containment with maintaining quality care is crucial to effective cost management in healthcare.

Cost containment in healthcare refers to the active effort of reducing overall healthcare expenses.

The primary objective of cost management in healthcare is to optimize resource allocation while controlling expenses.

An ethical dilemma in healthcare cost management includes situations where reducing costs may compromise patient safety.

The purpose of cost-benefit analysis in healthcare is to achieve a balance between the costs and benefits of various healthcare interventions.

The ethical principle of Non-maleficence emphasizes the importance of doing no harm to patients in healthcare.

The aim of cost management in healthcare is to reduce costs while maintaining quality care.

Justice is the ethical principle most relevant to decisions regarding cost management in healthcare.

Cost-benefit analysis in healthcare primarily focuses on achieving a balance between the costs and benefits of various healthcare interventions.

'Value-based care' in healthcare emphasizes achieving better patient outcomes at lower costs.

The ethical principle of Justice emphasizes fairness and equity in healthcare resource allocation.

'Resource allocation' in healthcare refers to prioritizing the distribution of limited resources.

Utilitarianism is an ethical theory that focuses on achieving the greatest good for the greatest number of people.

Cost allocation in healthcare organizations is significant for allocating costs to specific activities or departments.

Utilitarianism is particularly relevant in the context of healthcare resource allocation, emphasizing the greatest good for the greatest number.

Transparency in ethical healthcare cost management plays a crucial role in promoting accountability and trust.

The role of cost-effectiveness analysis in healthcare is to compare the costs and effectiveness of different interventions.

The role of cost-sharing arrangements in healthcare financing is to distribute costs between patients and payers.

Cost-shifting in healthcare finance involves transferring costs from one payer to another for financial purposes.