Health Care Providers Must Make Sure That the EMR System

question 7

Multiple Choice

Health care providers must make sure that the EMR system or phone application chosen is:

• A)easy to use.
• B)compatible with their home computers.
• C)HIPAA compliant.
• D)approved by the Occupational Safety and Health Administration (OSHA).

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Definitions:

Fixed Asset

A long-term tangible piece of property or equipment that a firm owns and uses in its operations to generate income, not expected to be consumed or converted into cash within a year.

Useful Life

The estimated period over which an asset is expected to be usable by an organization, affecting its depreciation calculation.

Present Value Factor

A multiplier used to determine the present value of a future amount of money or stream of cash flows given a specific discount rate.

Desired Rate of Return

The minimum percentage return an investor expects to achieve on an investment, influencing the choice of investment.