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Health Capital Consultants - Healthcare Valuation
Providing Solutions in an Era of Healthcare Reform for 25 Years
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Todd A. Zigrang
John R. Chwarzinski
Senior Vice President
Jessica L. Bailey-Wheaton
Vice President & General Counsel
Daniel J. Chen
Senior Financial Analyst
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Health Capital Topics 2018 eBook
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Glossary of Healthcare Terms
Facilities that employ physicians and practitioners in activities (funded or nonfunded) "to develop new medical knowledge, potentially leading to publication."
"Any physicians in supervised practice of medicine among patients in a hospital or in its outpatient department, with continued instruction in the science and art of medicine by the staff of the facility." Clinical fellows in advanced training in medicine, surgery, and other specialty fields also are classified as residents.
Organizations designed to maintain the status quo, repel
, or gradually develop the knowledge necessary for successful operation within a
Resource Based Relative Value Scale (RBRVS)
The RBRVS is the scale on which
bases its standardized physician payment schedule. The RBRVS determines
based on the
of the resources necessary to provide a particular service.
Resource Based Relative Value System
scale that is based on the necessary resources used to perform a medical service.
Publicly traded stocks prohibited from trading for a designated period of time (e.g., six months, one year or two years).
Those facilities owned by, and operated within, retail grocery stores or department stores offering walk-in services for basic treatment and care.
The product of price and quantity.
cycle is the process by which a provider practice schedules patients, diagnoses conditions, documents diagnoses, bills payors, and collects billable charges from the payor and the patient to recover
for the services provided.
Uncertainty, or the assignment of outcomes and their associated probabilities of occurring.
Risk Adjusted Rate of Return
Net income expressed as a percentage of total
adjusted for financial
Adjusting exposures to stabilize variability while trimming dominant exposure to spread out and minimize
Corporations that can issue stock, but are limited to seventy-five stakeholders and can only issue one class of stock: common or preferred.
A flow-through taxable entity where earnings are only taxed once they are paid out to shareholders.
Specific regulatory criteria that must be met to shield an arrangement from liability, and are meant to protect practices unlikely to result in fraud or abuse.
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