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Managed Care Plans and Healthcare Cost Control Quiz

#1

Which of the following is a characteristic of Managed Care Plans?

They emphasize preventive care and wellness programs.
Explanation

Emphasis on preventive care and wellness.

#2

What is the main goal of utilization management in managed care?

To limit unnecessary healthcare services
Explanation

Goal: Limiting unnecessary services.

#3

What is a common feature of Accountable Care Organizations (ACOs)?

They are accountable for the cost and quality of care for a defined population.
Explanation

Accountability for cost and quality.

#4

What is a primary focus of disease management programs in managed care?

To improve outcomes for patients with specific chronic conditions
Explanation

Improving outcomes for chronic conditions.

#5

What is the primary purpose of a formulary in managed care?

To limit patient access to medications
Explanation

Limiting patient access to medications.

#6

Which entity typically assumes financial risk in a capitated payment model?

Healthcare providers
Explanation

Healthcare providers assume financial risk.

#7

How does a Health Maintenance Organization (HMO) control costs?

By requiring referrals from primary care physicians
Explanation

Cost control via primary care referrals.

#8

What is the concept of 'gatekeeping' in managed care?

Requiring patients to see a primary care physician before accessing specialists
Explanation

Primary care referral before specialist.

#9

How do Accountable Care Organizations (ACOs) incentivize providers to improve quality and reduce costs?

By offering shared savings and bonuses for meeting targets
Explanation

Incentives via shared savings and bonuses.

#10

What is the purpose of risk adjustment in managed care?

To accurately reflect the health status of patient populations
Explanation

Accurate reflection of patient health status.

#11

In managed care, what is the role of a preferred provider organization (PPO)?

To encourage patients to seek out-of-network care
Explanation

Encouraging out-of-network care.

#12

What is the main difference between a Health Maintenance Organization (HMO) and a Preferred Provider Organization (PPO)?

PPOs require referrals for specialist visits, while HMOs do not.
Explanation

PPOs require specialist referrals, HMOs don't.

#13

In managed care, what is the purpose of case management?

To coordinate care for patients with complex medical needs
Explanation

Coordinating care for complex needs.

#14

How does managed care influence provider reimbursement models?

By transitioning to value-based reimbursement models
Explanation

Transition to value-based reimbursement.

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