practice management Flashcards
clinic
outpatient facility not offering overnight hospitilization
hospital
impatient facility offering overnight hospitilization
productivity
the amount of work performed over time
profitability
the amount of monetary profit earned over time
accounts receivable
money due to the business and not yet paid
overhead costs
general business expenses that cannot be attributed to a specific task
depreciation
decreasing value - used to deduct certain expenses from taxes over time
budget
a detailed financial statement of predicted costs for a business
inventory
a periodic survey of all goods and materials in stock
financial estimate
a preliminary calculation of the cost of a project (such as veterinary treatment)
marketing
activities to increase client awareness of goods and services offered
shopped fees
fees of service (examinations, vaccinations, routine surgeries) for which clients commonly call business to ask the price
accountant
one who keeps , audits, and inspects the financial records of a buiness and prepares financial and tax reports
conflict resolution
methods to alleviate or eliminate disagreement
nosocomial infection
infection acquired at the veterinary clinic/hospital