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Healthcare Management vocabulary · Budgets and Finance

Revenue

Meaning in healthcare management, with examples

/ˈrevənuː/nounCore term

In healthcare management, revenue means: The total money a hospital receives for its services, such as payments from insurers, public funds and patients, before any costs are taken away.

In Turkish: gelir, hasılat

How it is used

Used in budgets, financial reports and board meetings. Managers generate, grow or lose revenue and analyse it by service or by payer. In British public hospitals 'income' is often used with almost the same meaning.

Example sentences

  1. Outpatient revenue fell during the summer because many consultants were on leave.

  2. Cardiology generates almost a fifth of the hospital's revenue.

Common collocations

  • generate revenue
  • revenue growth
  • revenue cycle
  • loss of revenue
  • patient revenue
  • budgetA plan that sets out how much money a hospital or department expects to receive and spend over a period, usually a financial year.
  • billingThe work of recording the services a patient received, turning them into charges and sending bills or claims to patients and payers.
  • accounts receivableMoney that patients, insurers and other payers owe the hospital for care that has already been provided but not yet paid for.
  • operating costsThe everyday costs of running a hospital or service, such as salaries, medicines, supplies, energy and maintenance, not including large investments.
  • break evenTo earn exactly enough income to cover costs, so that there is neither a profit nor a loss.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Budgets and Finance

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This page explains English vocabulary for learners. It is not medical advice.