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Trading Partner agreements are not required by HIPAA.
Product Cost
The total costs incurred to create a product, including direct labor, direct materials, and overhead expenses.
Automation
The use of technology to perform tasks with minimal human intervention, improving efficiency and consistency.
Direct Labor
The work contributed by employees who are directly involved in the manufacturing process of a product.
Indirect Materials
Supplies used in the production process but not directly traceable to a finished product, such as lubricants for machinery.
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