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The equilibrium compensating wage differential between two occupations in the same city is $10 per hour.Both occupations have equivalent training requirements.Shannon works in the higher-paying occupation and would have been willing to do so even if the compensating differential was $5 per hour.Therefore,
Clinical Skills
These are skills that are an extension of the provider’s responsibilities and can be divided into fundamental practices, diagnostic procedures, and patient care.
Assisting Provider
A healthcare professional who supports a primary provider in the delivery of care to patients.
Administrative Skills
Skills that help to manage the business affairs of a medical practice and include two categories—administrative procedures and practice finances.
Patient Medical Records
Documents that contain the detailed history, diagnoses, treatment plans, and progress of an individual's health care.
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