CPB Certified Professional Biller Certification Practice Exam

Which type of plan does CMP refer to in medical settings?

1. Comprehensive Medical Plan

2. Competitive Medical Plan

3. Clinical Medical Plan

4. Cost Management Plan

The correct answer is: Competitive Medical Plan

In medical settings, CMP stands for Competitive Medical Plan. This term generally refers to health plans that aim to compete in the market by offering various benefits and options to attract enrollees. Competitive Medical Plans are designed to provide consumers with choices in their healthcare coverage, often integrating features that promote competition among providers and insurance companies. The focus of a Competitive Medical Plan is on creating a balance of cost and quality, allowing beneficiaries to select from a range of services and payment options. This competition can lead to better pricing structures, improved services, and innovative healthcare delivery methods, which are beneficial in a market where consumers are increasingly discerning about their healthcare choices. Other options like Comprehensive Medical Plan or Clinical Medical Plan do not accurately reflect established terminology in the same way as Competitive Medical Plan does, while a Cost Management Plan primarily focuses on financial strategies rather than directly being classified as a type of health insurance plan. Therefore, the term CMP, when clearly referencing the context of competitive health insurance offerings in the medical field, correctly aligns with Competitive Medical Plan.