Glossary of Healthcare Terms

The sum of equity and debt in a business enterprise. Debt is typically (1) all interest bearing debt or (2) long-term interest-bearing debt. When the term is used, it should be supplemented by a specific definition in the given valuation context.

The specific value of an investment to a particular investor or class of investors based on individual investment requirements; distinguished from market value, which is impersonal and detached.

An MSO organization structure chosen to shield participants from individual liability.

20,000 or more employees.

A reduction in the ownership value of an entity due to the actual or real loss of an owner of key person.

Remuneration received in return for referring an individual to a person for the furnishing of any item or service for which payment may be made under a Federal health care program; or, remuneration received in return for purchasing, leasing, ordering, or arranging for or recommending purchasing, leasing, or ordering any good, facility, service, or item for which payment may be made under a Federal health care program.

Facilities that provide an isolated setting in which samples of tissues, fluids, and other bodily substances can be tested and/or stored; may be located within an inpatient or outpatient facility, or may operate as a freestanding facility.

Relatively permanent structures built on, or physical changes made to, a property to increase its utility and value.

Minimally invasive surgery that involves the insertion of a slender, tubular endoscope through the abdomen wall. A laparoscopy involves the use of surgical instruments that the practitioner controls and fiber optic technology for visual navigation.

500 or more employees.

Referred to as medical jurisprudence, involves the implementation of medical expertise for legal and judicial purposes.

The number of consecutive days a patient is hospitalized.

A ratio of long-term debt to net fixed assets, which is used to illustrate the proportion of funds, or capital, provided by shareholders (owners) and creditors to aid analysts in assessing the appropriateness of an organization

Ratios used to illustrate the proportion of funds, or capital, provided by shareholders (owners) and creditors to aid analysts in assessing the appropriateness of an organization

Licensure is a governmental body's process of issuing a license, or a Federal or state charter granting its holder the right to practice a profession, such as medicine, podiatry, dentistry, law, etc.