What is the downside of classifying drug research costs as capital investments (as in Case Study 5-1)?
What will be an ideal response?
A capital investment is money spent on an asset. Research itself is not an asset. Research may lead to a drug or drug manufacturing patent, but such patents are assets of unknown worth. The drug may not work or it may have side effects that prevent its approval by the Food and Drug Administration. In such situations, the patents are assets with no value.
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Describe a fibular avulsion in layman's terms
What will be an ideal response?
Which of the following is considered a covered expense?
a. Experimental medical expenses for the diagnosis of an injury or illness b. Those expenses that are ordered or prescribed by an auditor c. Those expenses that do not exceed the usual, customary, and reasonable (UCR) fee generally charged by like providers in the same geographic area for the same procedure d. Those expenses accrued through not following postsurgical instructions
2. What is the main advantage of interoperability within an electronic health records (EHR) system?
a. Information can be transmitted over the Internet. b. Information can be safeguarded. c. Information can be coordinated with clinical practice guidelines. d. Information can be shared between physicians, pharmacists, and hospitals.
The privacy rule is meant to ensure that there is/are
A) security of electronic transfer of information. B) disclosure of only the necessary information. C) no longer a need for patient consent. D) A and B.