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Explain How Activity Based Costing Would Be Implemented Using an ERP

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Essay

Explain how activity based costing would be implemented using an ERP system.In doing that,explain the advantage of using ERP with activity based costing.


Definitions:

Code Assigned

Refers to a specific identifier given to medical conditions, procedures, or diagnoses in healthcare documentation.

Patient

An individual who is receiving medical care or treatment.

Seventh Characters

Typically refers to the additional digits used in coding systems like ICD-10 to provide more detail about a diagnosis or encounter.

Fracture Healing

The process by which bone repairs itself following a break or crack, involving the stages of inflammation, bone production, and bone remodeling.

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