Show:
Category 1
Category 2
Category 3
Category 4
Category 5
100
Possibility of incurring a loss
What is risk?
100
What may result in embarrassment or inconvenience without financial impact
What is non economic
100
Meets criteria of an insurance company for coverage
What is insurable risk
100
Type of risk that can result in financial loss
What is economic conditions
100
covers all or part of the surgeon's fees for an operation
What is surgical insurance
200
Systematic process of managing risk to achieve set objectives
What is risk management?
200
Threat of a loss without an opportunity for gain
What is pure risk
200
The possible amount of loss is umpredictable
What is uninsurable risk
200
Changes in the customer preferences
What is Consumer demand
200
Combines the features of hospital, surgical, regular, and major medical insurance
What is comprehensive medical insurance
300
What are the different types of risk
What is economic and non-economic, pure risk and speculative, controllable risk and uncontrollable, and insurable risk and uninsurable
300
Offers the chance of gain or loss
What is speculative risk
300
declining to engage in particular activities
What is Avoid
300
acts of competing businesses
What is competitors action
300
Most popular way to buy health insurance
What is group health
400
What results in financial loss
What is economic
400
Occurs when conditions can be controlled to lessen the chance of harm
What is controllable risk
400
Allowing someone else to assume the risk
What is Transfer
400
Changes in technology
What is technology changes
400
Consists of a staffed medical clinic to serve members
What is Health Maintenance Organizations (HMO)
500
What are the three categories of economic loss
What is Personal risk, property risk, and liability risk
500
Cannot be controlled or reduced by actions
What is uncontrollable risk
500
Purchasing insurance to cover risk
What is insure
500
Efficiency in day to day operations
What is business operations
500
Provides a group of physicians a clinic, or a hospital that contract with an insurance company
What is Preferred Provider Organizations (PPO)