Asked by Kinnary Vasoya on May 12, 2024
Verified
Payments generally have a faster approval time,which means faster access to revenue
A) pro
B) con
Approval Time
The period taken to review, process, and respond to a request, application, or submission, culminating in either approval or denial.
Revenue
The total amount of income generated by the sale of goods or services related to a company's primary operations.
- Narrate the variety of payment solutions provided in medical practices, including a discussion on the advantages and disadvantages of incorporating credit and debit cards.
Verified Answer
MA
Maggie AtkinsMay 16, 2024
Final Answer :
A
Explanation :
Payments generally having a faster approval time and thus providing faster access to revenue is considered a benefit or "pro" for a medical practice, as it improves cash flow and reduces the wait time for funds to become available.
Learning Objectives
- Narrate the variety of payment solutions provided in medical practices, including a discussion on the advantages and disadvantages of incorporating credit and debit cards.
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