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In CPTerms you will find a glossary that houses the terms for CareerPhysicians' content. If you would like to add or suggest a new term, feel free to email us at info@careerphysician.com.

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  • Overhead

    The ongoing administrative expenses of a business which cannot be attributed to any specific business activity, but are still necessary for the business to function. Examples include rent, utilities, and insurance.
    by admin on 05-07-2009
  • General and Administrative

    On financial reports, such as profit and loss statements, this is the term used to group overhead items such as utilities and insurance into a single line item on the 'costs' side of the report.
    by admin on 05-07-2009
  • General Ledger

    The financial report that combines the balance sheet, income and expense accounts and thuss track all the accounting records of a business.
    by admin on 05-07-2009
  • Income Statement

    A basic accouting report showing a company's earnings http://www.memag.com/be_core/search/show_article_search.jsp?searchurl=/be_core/content/journals/m/data/2003/0606/annreport.html&title=How+to+find+the+truth+in+an+annual+report&navtype=m&query...
    by admin on 05-07-2009
  • Fixed Costs

    Fixed costs items include full-time salaries, rent, equipment leases, professional liability insurance. http://www.geomedics.com/ebook/econfin/fixedvarcosts.htm
    by admin on 05-07-2009
  • Variable Costs

    Variable costs fluctuate dependent upon production or sales volume (I.e., lab fees, temp. salaries, furniture/equipment purchases, admin and patient supplies)
    by admin on 05-07-2009
  • Payor Mix

    The components that make up total reinbursement (.I.e., Medicare, Blue Cross, Blue Shield) http://www.medicalmanagement.com/aac/aac000228-1.htm
    by admin on 05-07-2009
  • Auditing

    The inspection of the accounting records and procedures of a business, government unit, or other reporting entity for the purpose of verifying the accuracy and completeness of the records. An internal audit generally determines whether the company’s...
    by admin on 05-07-2009
  • Balance Sheet

    Provides information about the practice's assets and liabilities. A good understanding of investments made and debts to be paid. http://www.ophmanagement.com/archive_results.asp?article=86064&tmh=1
    by admin on 05-07-2009
  • Charges

    The dollar amounts that will be billed-out foro particulkar services rendered to patients. http://www.ama-assn.org/amednews/2002/10/21/bica1021.htm
    by admin on 05-07-2009
  • The "Conrad" 30

    A program, authored by Senator Kent Conrad of North Dakota, that allows any state to sponsor up to 30 IMGs for J waivers each year. Almost every state participates in the program. Like the federal program, IMGs must work in HPSAs or MUAs, but not all...
    by admin on 05-07-2009
  • Sponsoring Agencies

    Several federal agencies currently sponsor IMGs for waivers. These include the Appalachian Regional Commission (ARC), the Department of Health and Human Services (HHS), and the VA. The Department of Agriculture (USDA) used to sponsor IMGs for J waivers...
    by admin on 05-07-2009
  • The Fifth Pathway Program

    An avenue by which students who have attended four years at a foreign medical school may complete their supervised clinical work at a U.S. medical school, become eligible for entry to U.S. residency training, and ultimately obtain a license to practice...
    by admin on 05-07-2009
  • Green Card

    IMGs in H-1B status may file for permanent residence or a green card if they wish to stay in the U.S. indefinitely. There are a number of ways IMGs may obtain green cards and the appropriate strategy will depend on each IMG’s particular circumstances...
    by admin on 05-07-2009
  • ECFMG Certification

    The Educational Commission for Foreign Medical Graduates (ECFMG) is a private, non-profit organization. ECFMG's organizational members are: American Board of Medical Specialties American Medical Association Association of American Medical Colleges...
    by admin on 05-07-2009
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