Glossary of Healthcare Terms

   

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Trimmed Mean

An arithmetic mean with certain extreme values eliminated from the data set prior to calculation.

True Integrators

Organizations that are so financially integrated through risk contracting or ownership that true integration of care processes is feasible. Although very few systems in the United States operate as true integrators, many EHOs aspire to this level of assimilation. FMIGs and IDSs are classified as true integrators.

Two-Sided Model

"A model under which the ACO may share savings with the Medicare program, if it meets the requirements for doing so, and is also liable for sharing any losses incurred under subpart G of this part."

Two-Way Interactive Television

Used telemedicine for face-to-face consultations.

Two-way Interactive Television (IATV)

A treatment approach that uses telemedicine for face-to-face consultations.

Unincorporated Practices

Practices that the liability protection afforded to corporations (incorporated practices) in exchange for easier setup at a lower cost.

United States Medical Licensing Examination

"[A]ssesses a physician's ability to apply knowledge, concepts, and principles, and to demonstrate fundamental patient-centered skills, that are important in health and disease and that constitute the basis of safe and effective patient care."

Upcoding

The practice of improperly assigning a diagnosis code to a patient discharge that is not supported by the medical record for the purpose of obtaining a higher level of reimbursement from Medicare for that hospital discharge than the hospital would otherwise receive.

Urgent Care

Healthcare that is delivered on a walk-in basis with no appointment for acute illness.

Utility

An abstract concept that encompasses not only the satisfaction that an individual enjoys from the ownership or use of a good, but also, the satisfaction received from a reduction in pain or discomfort.

Valuation

"The act or process of determining the value of a business, business ownership interest, security, or tangible asset."

Valuation Date

The date specified for when an indication of value will be reported. The valuation date limits the information available to the analyst to those which would have been available prior to the valuation date.

Value

"The present worth of all the rights to future benefits arising from ownership of the thing valued" (i.e. the expectation of future benefit).

Value in Exchange

An orderly disposition of a mass assemblage of the assets in place but not as a going concern enterprise; also known as "liquidation value."

Value in Use

The premise of value which assumes that the assets will continue to be used as part of an ongoing business enterprise, producing an economic benefit of ownership of a going concern.
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