List Two Benefits of Using Health Information Technology Applications

question 24

Essay

List two benefits of using health information technology applications.

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Definitions:

Profit-Sharing

A company policy of sharing a portion of its profits with employees, usually in addition to their normal salaries or wages.

Gain Sharing

A performance-related pay plan that gives employees incentives based on improvements in company performance, such as increased productivity or profitability.

Productivity Gains

Improvements in output or efficiency, allowing more to be accomplished with the same or fewer resources.

Profit-Sharing Plan

A company program that offers employees a share in the profits of the business, typically as a form of incentive or bonus.