When a Patient Charge Is Entered into a Computerized Medical

question 53

True/False

When a patient charge is entered into a computerized medical billing system, the posting is reflected both in the patient ledger as well as the daily record of charges.

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Definitions:

Centralized

A system or organization where decision-making and the control of activities are concentrated in a central location or group.

Cost Leadership Strategy

A business approach aimed at becoming the lowest-cost producer in an industry to gain a competitive advantage.

Flexible Automation

A manufacturing system designed to easily adapt to changes in the product being produced, allowing for customization and variability in production processes.

Stable Financial Structure

A financial state where an organization maintains a healthy balance between its liabilities and assets, ensuring long-term sustainability.