Informatics Only Refers to Clinical and Health Processes: It Has

question 12

True/False

Informatics only refers to clinical and health processes: it has no impact on the business or administrative side of health care.

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Definitions:

Scenario Analysis

A process of analyzing possible future events by considering alternative possible outcomes.

Competitive Analysis

The process of evaluating the strengths and weaknesses of competitors within the same market to develop strategic advantages.

What-if Analysis

A process or method used to evaluate the potential outcomes or impacts of different scenarios or decisions by changing variables and observing the resulting changes.

Base Case

The set of assumptions, inputs, and data considered in a financial model or analysis that serves as a starting point for scenario analysis.