Managed Care Concepts facilitates the processing of medical claims for organizations, such as government agencies, whose employees are injured while performing their jobs. The company does not actually process the claims. Instead, it coordinates the work of customer service personnel, nurses, physicians, case managers, and pharmacists who work for other companies and have some role to play in the processing of an injured worker's claim. Managed Care Concepts relieves its clients of the burden of processing their own injured worker claims and can usually save the organizations a significant amount of money. Managed Care Concepts operates like a:
A) Merchant wholesaler.
B) Manufacturer's agent.
C) Virtual Corporation.
D) Manufacturer.
E) None of these.

Question

Quizplus · Accepted Answer

Managed Care Concepts operates as a virtual corporation by coordinating the work of various personnel from other companies to provide a service to its clients, similar to how a virtual corporation operates by coordinating the work of numerous independent firms to bring a product or service to market.

Managed Care Concepts Facilitates the Processing of Medical Claims for Organizations