In Preparing the Retention Schedule for Health Records, the Most

question 780

Multiple Choice

In preparing the retention schedule for health records, the most concrete guidance in determining when records may be destroyed will be

• A) the average readmission rate for the facility.
• B) the available options for inactive records.
• C) the statute of limitations in your state.
• D) Joint Commission and AOA standards regarding minimum retention periods.

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Definitions:

Lower Of Cost

An accounting principle where inventory is recorded at the lower of either its original cost or its current market value.

Market Value

The current price at which an asset or service can be bought or sold in an open market.

Microwave Ovens

Kitchen appliances that use microwave radiation to cook or heat food efficiently and quickly.

FIFO Method

An inventory valuation method where the first items purchased are the first ones to be sold, standing for "First In, First Out."