Your Facility Has 10 Years of Records Stored in the File

question 57

Multiple Choice

Your facility has 10 years of records stored in the file area. You have averaged 12,500 discharges per year, and each record is approximately 75 pages. Administration has committed to transitioning to an electronic health record, and determines it would be best to use document imaging to convert all old records. You have estimated that the project will take approximately 12 months. Using the information provided in the table below, which vendor provides the best price for your document imaging solution?

$\begin{array} { l l l } \underline {\text { Vendor } }&\underline { \text { Priceper Record }} & \underline {\text { Additional Fees }} \\\text { Vendor A } & \$ 200 & \$ 1000 / m o n th\\&& \text { Feerental of scarring equipment } \\\text { Vendor } B & \$ 2.40 &\text { No additional Fees }\\\text { Vendor } C & \$ 2.25 & \text { No additional Fees }\end{array}$

• A) Vendor A
• B) Vendor B
• C) Vendor C

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Definitions:

Corporation

A legal entity that is distinct and separate from its owners, which can own property, incur liabilities, and is subject to taxation.

Cumulative Voting

A voting system in corporate governance that allows shareholders to concentrate their votes on a single candidate, enhancing minority shareholders' representation.

Minority Shareholder

An investor or shareholder who owns less than 50% of a company's shares, holding lesser voting power and control over corporate decisions compared to majority shareholders.

Extraordinary Measures

Extraordinary measures refer to unconventional or exceptional actions taken, often by governments or organizations, in response to critical and unusual situations.