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Question: A health care entity provides services to


A health care entity provides services to a patient. Those services have a standard charge of $76,000. The insurance company that represents the patient has a contract with the entity that leads to a $20,000 reduction in that charge. That reduction is referred to by which of the following labels?
a. Standard legal hospital abatement amount
b. Implicit price concession
c. Discounted health care monitoring fee
d. Explicit price concession

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