A Just-In-Time Philosophy Seeks to Minimize Inventories

question 61

True/False

A just-in-time philosophy seeks to minimize inventories.

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Definitions:

Meaningful Use

Refers to a set of standards defined by the Centers for Medicare & Medicaid Services (CMS) that govern the use of electronic health records (EHRs) and allows eligible providers and hospitals to earn incentive payments by meeting specific criteria.

Computerized Information Systems

Systems that use computer technology to collect, store, manage, and interpret data for various purposes, including healthcare management.

Improves Quality

Enhances the standard or grade of a product, service, or life, often through measures that refine effectiveness, efficiency, or satisfaction.

Informatics

The science of processing data for storage and retrieval; in healthcare, it relates to managing and using patient healthcare information.