Final answer:
An efficient record management system improves retrieval and confidentiality of medical records and reduces misfiles, but does not inherently cut filing equipment costs.
Step-by-step explanation:
An efficient record management system is conducive to quick retrieval of medical records, ensuring confidentiality of said records, and contributing to a reduction of misfiles.
However, the implementation of such a system does not necessarily lead to the reduction of filing equipment costs. In fact, the initial setup of a digital record management system might increase such costs due to the need for technology investment.
Ensuring confidentiality especially in the sharing of digital records is crucial, as is balancing the costs of treatments, improving the quality of care, and safeguarding individual privacy.