Part 441 Definitions

Full-paid capital reacquired by the issuing company through gift, purchase or otherwise and available for resale or cancellation. Treasury stock is not a part of capital stock outstanding; and the term does not apply to unissued capital stock or to shares forfeited for nonpayment…

A procedure performed on a hospital patient.

The process of screening patients to determine the severity of the medical emergency and type of care necessary.

Any owned physical object (tangible) or right (intangible) having economic value to its owner; an item or source of wealth expressed, for accounting purposes, in terms of its cost, depreciated cost, or fair market value at date of donation.

A list or abstract of the balances or of total debits and total credits of the accounts in a ledger, the purpose being to determine the quality of posted debits and credits and to establish a basic summary for financial statements. The term is also applied to a list of account ba…

A right, enforceable in courts of equity, to the beneficial enjoyment of property, the legal title to which is in another.

A fund held by one person (trustee) for the benefit of another pursuant to the provisions of a formal trust agreement.

Beds assigned for the care and treatment of patients suffering from tuberculosis.

(a) A unit of measure, often commonly accepted for determining average cost, time or efficiency, thus making possible: (1) comparisons of one operation with another or with the same operation in a preceding period; and (2) estimates of future operations. (b) Synonymous with stand…

Revenue attributable to a completed business transaction but accompanied by the receipt of an asset other than cash or other form of current asset; as, an installment sale (gross revenue) or the prospective profit from such a sale (net revenue).

Funds which bear no external restrictions as to use or purpose; i.e., funds which can be used for any legitimate purpose designated by the governing board, as distinguished from funds restricted externally for specific operating purposes, for plant replacement and expansion and f…

Normal operating life in terms of utility to the hospital.

An interest (as a title to an estate) carrying a legal right to present or future enjoyment and of present alienation.

The physical appearance of an outpatient at a hospital complex is recognized as contributing one visit regardless of the number of diagnostic and/or therapeutic services the patient receives or the number of sections (clinics), operating rooms, laboratories and treatment areas in…

(a) The examination of contracts, orders and other original documents for the purpose of substantiating individual transactions before their settlement. (b) Any systematic investigation or appraisal of procedures or operations for the purpose of determining conformity with prescr…

A distinct part of a building consisting of an architecturally subordinate extension of a building with a corridor connecting the main building and the extension. A wing could also be represented by the addition of one or more floors to an existing building.

Accounts which have an account number with a fourth digit of zero.

Health facility beds which are maintained and staffed for the provision of patient care.

Average number of inpatients (based on the daily inpatient census) present each day for a given period of time.

The average number of days of service rendered to each inpatient discharged during a given period.

The arithmetic mean of the estimated useful-life expectancies of a group of assets subject to depreciation.

An uncollectible receivable.

A formal record of a particular type of transaction expressed in money and kept in a ledger.

(a) The difference between the total debits and the total credits of an account, or the total of an account containing only debits or credits. (b) The equality of the total debit balances and the total credit balances of the accounts in a ledger. (c) Agreement of the total of the…

A statement of financial position of any economic unit, or component thereof, reporting as at a given moment of time its assets (at cost, depreciated cost, or other indicated value), its liabilities, and its ownership equities recorded under an accounting system.

Those beds assigned for regular use by infants newly born in the hospital and which ae maintained in areas allotted for newborn infant lodging.

The total number of accommodations which are available (those set up and staffed for use). This figure should exclude the newborn nursery bassinets, beds in rooms intended for induction, recovery, labor, emergency, diagnostic and treatment purposes, and beds in such nonadaptable …

An expenditure having the effect of extending the useful life of an existing fixed asset, increasing its normal rate of output, lowering its operating cost, increasing rather than merely maintaining efficiency or otherwise adding to the worth of benefits it can yield.

The number of whole blood and packed red cell units prepared for transfusion. A unit is considered to be 500 cc.

Unrestricted assets set aside by the governing board for specific purposes or projects.

(a) A baby receiving lodging in the institution and who is not an institution patient. (b) A newborn infant whose mother is discharged but the newborn does not occupy a patient bed but is retained in the nursery.

(a) A certificate of indebtedness, in writing and often under seal. (b) An obligation in writing, binding one or more parties as surety for another.

The excess of the face amount of a bond or class of bonds over the net amount yielded from its sale. On the books and balance sheet of the issuer it appears as a deferred charge.

The obligation of an employee, agent or other person to supply a satisfactory report, often periodic, of action or of failure to act following delegated authority/responsibility.

The net amount yielded by the sale of a bond or class of bonds in excess of its face value. On the books and balance sheet of the issuer it appears as a deferred credit.

(a) An inventory which is not the result of actual stocktaking but of adding the units and the cost of incoming goods to previous inventory figures and deducting the units and cost of outgoing goods. (b) The balances of materials or products on hand in quantities, dollars, or bot…

A record book, recognized by law or custom, in which transactions are successively recorded, and which is the source of postings to ledgers; a journal. Books of original entry include general and special journals, such as cashbooks and registers of sales and purchases.

(a) The net amount at which an asset or asset group appears on the books of account, as distinguished from its market value or some intrinsic value. (b) The face amount of a liability less any unamortized discount and expense. (c) As applied to capital stock: (1) the book value o…

A burn unit (see section 444.18[b][5] of this Article for the definition of a burn care unit) with an emphasis on research and teaching, where the intensive care environment serves as a classroom for teaching the complexities of burn care and a laboratory for research.

(a) An asset intended for continued use or possession. (b) Common subclassifications are: (1) land, buildings and equipment, leaseholds (fixed assets); (2) goodwill, patents, trademarks, franchises (intangibles); (3) investments in affiliated companies.

An expenditure intended to benefit future periods, in contrast to a revenue expenditure, which benefits a current period; an addition to a capital asset. The term is generally restricted to expenditures that add fixed-asset units or that have the effect of increasing the capacity…

(a) A lease which meets one of the following four criteria: (1) The present value of the minimum lease payments is 90 percent or more of the fair value of the property to the lessor. (2) The lease term is 75 percent or more of the leased property's estimated economic life. (3) Th…

(a) To record and carry forward into one or more future periods any expenditure, the benefits or proceeds from which will then be realized. (b) To add to a fixed asset account the cost of plant additions, improvements and expenditures having the effect of increasing the efficienc…

(a) A formal instrument, frequently negotiable or transferable, issued by a bank as evidence of indebtedness and arising from a deposit of cash subject to withdrawal under the specific terms of the instrument: (1) demand certificates, payable upon presentation, seldom bearing int…

The administrative procedures employed in maintaining the accuracy and propriety of transactions and the bookkeeping record thereof.

The total number of beds for which the facility has approval from the Commissioner of Health to operate. This is the number of beds that appears on the operating certificate.

Bed days are computed by multiplying the number of certified beds (excluding newborn) available throughout the period by the number of days in the period. If there is an increase or decrease in the number of certified beds available during the period, the number of certified beds…