Which of the following actions are risk reduction strategies for a provider that is exclusively fee...
Which of the following actions are risk reduction strategies for a provider that is exclusively fee for service?
a. Convert traditional (fixed) payment leases to per procedure (per use) leases.
b. Make maximum use of permanent employees (as opposed to temporary employees that are used when volumes are high).
c. Convert fixed costs to variable costs.
d. a., b., and c. above are all correct.
e. Both a. and c. above are correct.
Homework Answers
Option a and c both are correct as both will reduce the risk in case of low volume is achieved as payments will be linked to volume instead of fixed payments.
While b is incorrect as permanent employees salaries are fixed irrespective of volume. Hence it will not reduce risk.
Hence option e is the answer
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