Glossary of Healthcare Terms

   

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Global Benchmarking

A type of external benchmarking that determines a comparison organization(s) based on geographic boundaries and location.

Going Concern Value

The value of a business enterprise that is expected to continue to operate. The intangible elements of going concern value result from factors such as having a trained work force, an operational plant, and the necessary licenses, systems, and procedures in place.

Goodwill

An intangible asset arising as a result of name, reputation, customer loyalty, location, products and similar factors not separately identified.

Governance/Legal Structure-Related Intangible Assets

Includes organizational documents; income distribution plans; and, covenants not-to-compete.

Gross Domestic Product (GDP)

A measure of the total flow of goods and services produced by the economy over a specified time period (e.g., one year), calculated using an aggregate value of the outputs of goods and services used for final consumption or investment.

Group Model HMO

An HMO that contracts with physician practices on an exclusive basis so that the practices see patients primarily from that plan.

Group Purchasing Organization (GPO)

An organization that leverages the buying power of a group of healthcare organizations to obtain contracted discounts from vendors.
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