A Hospital Maintains Medical Records on All Patients Treated in the Hospital

question 6

Multiple Choice

A hospital maintains medical records on all patients treated in the hospital. Who owns the information in the hospital records?

• A) the treating physician
• B) the patient
• C) the hospital
• D) the insurance company paying the bills
• E) the surgeon

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Definitions:

Operating Expense

Expenses incurred in the normal operation of a business, excluding the cost of goods sold, such as rent, salaries, and utilities.

Income Statement

A financial report summarizing the revenues, costs, and expenses incurred during a specific period, typically a fiscal quarter or year.

Notes Payable

Short or long-term financial obligations represented by promissory notes, indicating money owed by a company.

Accounts Payable

Money owed by a company to its suppliers or vendors for goods or services received but not yet paid for.