U.S. Independence Day Deal! Unlock 25% OFF Today – Limited-Time Offer - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

AHIP AHM-530 Exam - Topic 4 Question 91 Discussion

The two basic approaches that Medicaid uses to contract with health plans are open contracting and selective contracting. One true statement about these approaches to contracting is that:
D) Selective contracting requires health plans to bid competitively for Medicaid contracts
A) Open contracting requires health plans to meet minimum performance standards outlined in a state's request for proposal (RFP)
B) Open contracting makes it possible for the Medicaid agency to offer enrollment volume guarantees
C) Selective contracting requires any health plan that meets the state's performance standards and the federal Medicaid requirements to enter into a Medicaid contract

AHIP AHM-530 Exam - Topic 4 Question 91 Discussion

Actual exam question for AHIP's AHM-530 exam
Question #: 91
Topic #: 4
[All AHM-530 Questions]

The two basic approaches that Medicaid uses to contract with health plans are open contracting and selective contracting. One true statement about these approaches to contracting is that:

Show Suggested Answer Hide Answer
Suggested Answer: D

by Della at Jul 03, 2024, 04:28 PM

Limited Time Offer

25%

Off

Get Premium AHM-530 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Matthew
7 months ago
Yeah, but I feel like B could be a contender too. Enrollment volume guarantees sound familiar.
upvoted 0 times
...
Coral
7 months ago
Just to clarify, open contracting does have minimum standards, right?
upvoted 0 times
...
Justine
7 months ago
Wait, are we sure about that? I thought open contracting had some competitive elements too.
upvoted 0 times
...
Erick
7 months ago
Totally agree with you, Sheridan! D makes the most sense.
upvoted 0 times
...
Sheridan
8 months ago
I think D is the right answer! Selective contracting is all about competition.
upvoted 0 times
...
Pilar
8 months ago
I feel like open contracting is more flexible, but I can't remember if it guarantees enrollment volume like the question suggests.
upvoted 0 times
...
Kina
8 months ago
I practiced a question similar to this, and I think selective contracting does involve performance standards, but I might be mixing it up.
upvoted 0 times
...
Maryanne
8 months ago
I remember something about selective contracting needing competitive bids, but I can't recall the specifics.
upvoted 0 times
...
Ty
8 months ago
I think open contracting is about meeting minimum standards, but I'm not entirely sure if that's the only requirement.
upvoted 0 times
...
Rory
8 months ago
The key here is understanding the differences between the two approaches. Open contracting is about meeting standards, while selective contracting is about competitive bidding. I'm going to carefully consider each option and eliminate the ones that don't fit.
upvoted 0 times
...
Eveline
8 months ago
Okay, this seems straightforward. I'm pretty confident that the correct answer is D - selective contracting requires health plans to bid competitively for Medicaid contracts.
upvoted 0 times
...
Elizabeth
8 months ago
I think I know the difference between open and selective contracting, but I want to make sure I understand the details before I answer this. Let me re-read the question carefully.
upvoted 0 times
...
Timmy
9 months ago
Hmm, I'm a little unsure about this one. I know open contracting has to do with meeting performance standards, but I can't quite remember how that compares to selective contracting. I'll have to think this through step-by-step.
upvoted 0 times
...
Jonelle
9 months ago
I'm pretty confident this is true. Product documentation is usually a key part of the working increment.
upvoted 0 times
...
Mariko
9 months ago
This looks like a tricky one! I'll need to think carefully about the best way to optimize Journey performance with such a large contact count.
upvoted 0 times
...
Stephen
9 months ago
Key is remembering medical expenses are DIRECT costs of healthcare delivery. That points right to option D - payments to providers.
upvoted 0 times
...
Phuong
2 years ago
Wait, is Medicaid contracting the new reality TV show? I'd watch that!
upvoted 0 times
...
Chaya
2 years ago
The open contracting approach sounds a bit too 'open' for my liking. I'd prefer the selective, competitive route.
upvoted 0 times
Cherrie
2 years ago
Competitive bidding can definitely help drive quality and innovation in healthcare.
upvoted 0 times
...
Selma
2 years ago
I think selective contracting ensures that only the best health plans are chosen.
upvoted 0 times
...
Karol
2 years ago
I agree, the open contracting approach does seem a bit risky.
upvoted 0 times
...
...
Shaun
2 years ago
Haha, Medicaid contracting is like a high-stakes game of 'The Price is Right'! Gotta bid just right to win that contract.
upvoted 0 times
...
Catarina
2 years ago
I agree with Lynelle. Selective contracting is all about competitive bidding, not just meeting minimum standards.
upvoted 0 times
Vincenza
2 years ago
D) Selective contracting requires health plans to bid competitively for Medicaid contracts
upvoted 0 times
...
Madelyn
2 years ago
C) Selective contracting requires any health plan that meets the state's performance standards and the federal Medicaid requirements to enter into a Medicaid contract
upvoted 0 times
...
Milly
2 years ago
B) Open contracting makes it possible for the Medicaid agency to offer enrollment volume guarantees
upvoted 0 times
...
Precious
2 years ago
A) Open contracting requires health plans to meet minimum performance standards outlined in a state's request for proposal (RFP)
upvoted 0 times
...
...
Lynelle
2 years ago
Option D seems the most accurate. Selective contracting requires health plans to bid competitively for Medicaid contracts.
upvoted 0 times
Crista
2 years ago
Selective contracting definitely adds a competitive element to the process.
upvoted 0 times
...
Annett
2 years ago
I agree, option D is correct. Health plans have to bid competitively for Medicaid contracts.
upvoted 0 times
...
...
Francesco
2 years ago
I think both answers could be correct, depending on the specific requirements of the Medicaid agency
upvoted 0 times
...
Mee
2 years ago
I disagree, I believe the answer is D) Selective contracting requires health plans to bid competitively for Medicaid contracts
upvoted 0 times
...
Kristine
2 years ago
I think the answer is A) Open contracting requires health plans to meet minimum performance standards outlined in a state's request for proposal (RFP)
upvoted 0 times
...

Save Cancel