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Why Is the Concept of the Lifetime Value of a Customer

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Why is the concept of the lifetime value of a customer important?


Definitions:

Coding

In the context of healthcare, coding refers to the transformation of healthcare diagnosis, procedures, medical services, and equipment into universal medical alphanumeric codes.

Respiratory Distress Syndrome

A lung condition most commonly seen in premature infants, characterized by difficulty breathing.

Inherited Diseases

Disorders that are passed down from parents to their children through genes, leading to a wide range of health issues depending on the condition.

Congenital Malformation

A physical defect present from birth, resulting from an abnormality in the development process.

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