Subsidiary
Subsidiary
Subsidiary (pronunciation: /səbˈsidēˌerē/) is a term used in various fields, including business and law. In the context of healthcare, it often refers to a secondary or supportive entity that is part of a larger healthcare organization or system.
Etymology
The term "subsidiary" is derived from the Latin word "subsidiarius," which means "serving to assist or supplement." It was first used in the English language in the late 16th century.
Definition
In the healthcare context, a subsidiary is a company or entity that is fully or partially owned and controlled by another, larger entity. The controlling entity is often referred to as the parent company. Subsidiaries can provide specialized services or products that support the parent company's operations. For example, a hospital might have a subsidiary that operates its pharmacies or medical laboratories.
Related Terms
- Parent Company: A company that owns and controls one or more smaller companies, known as subsidiaries.
- Healthcare System: A network of healthcare providers and facilities that deliver healthcare services to a population.
- Medical Laboratory: A facility where tests are carried out on clinical specimens to obtain information about a patient's health.
- Pharmacy: A place where drugs are compounded and dispensed.
See Also
External links
- Medical encyclopedia article on Subsidiary
- Wikipedia's article - Subsidiary
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