Explain Two Purposes of the Health Information Technology for Economic

question 15

Multiple Choice

Explain two purposes of the Health Information Technology for Economic and Clinical Health (HITECH) Act.

• A)Recruit doctors and recruit nurses
• B)Encourage the use of the latest technology and instruction on the use of the latest technology
• C)Increase the numbers of computers and iPads used in hospitals
• D)Stimulate the adoption of electronic health records (EHR)and widen the scope of privacy and security protections available under HIPAA

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Definitions:

Economic Resources

Assets or inputs that contribute to the production of economic goods, including land, labor, capital, and entrepreneurship.

Economic Profits

Profits calculated by subtracting both explicit and implicit costs from total revenue, capturing the true economic value created.

Opportunity Costs

A concept in economics that describes the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another.

ATC

Average Total Cost is the sum of all production costs divided by the quantity of output produced.