When Using Practice Management Software, Patient Demographic Information Is Entered

question 38

True/False

When using practice management software, patient demographic information is entered into the patient registration system.

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Definitions:

Opportunity Costs

The value of the best alternative foregone when a decision is made to pursue a particular action, essentially the cost of choosing one option over another.

Implicit Costs

The opportunity costs of using resources owned by the firm for its own production, instead of earning income elsewhere.

Explicit Costs

Direct, out-of-pocket payments made for the operation of a business, such as wages, rent, and materials.