With an Intent to Identify Potential Cost Savings (Which Unfortunately

question 201

Multiple Choice

With an intent to identify potential cost savings (which unfortunately have not materialized) , the HITECH Act of 2009 provides $20 billion of subsidies to encourage hospitals and physicians to

• A) use more high-tech diagnostic equipment.
• B) adopt electronic medical-records systems.
• C) switch from human lab technicians to electronic ones.
• D) devote more research efforts toward high-tech treatments.

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Definitions:

Interest Rates

The cost of borrowing money or the reward for saving, usually expressed as a percentage of the principal amount annually.

Balloon Note

A type of loan that has a large or "balloon" payment due upon maturity, typically after a series of lower regular payments.

Maturity

The final payment date of a loan or financial instrument at which point the principal (and all remaining interest) is due to be paid.

Covenants

Agreements or promises in a formal loan or bond agreement that cover certain conditions, actions, or restrictions taken by the borrower.