DAY BOOK Definition

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DAY BOOK is a written record/ledger in which transactions have been recorded as they occurred.

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PROSPECTIVE PAYMENT SYSTEM (PPS), in healthcare, is a Medicare administered payment plan where providers are paid a predetermined sum for caring for a given number of consumers. The built in incentive is for providers to control costs, theoretically leading to more cost effective care.

COST SYNERGY is the savings in operating costs expected after two companies, who compliment each others strengths, join.

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