Earnings
Earnings (Medicine)
Earnings (pronunciation: /ˈɜːrnɪŋz/) in the context of medicine, refers to the financial income generated by healthcare professionals, institutions, or industries. The term is derived from the Old English 'earnian', meaning to gain or profit.
Healthcare Professionals
Healthcare professionals such as doctors, nurses, pharmacists, and physiotherapists earn income through their services provided to patients. This can include consultations, treatments, surgeries, and other medical procedures.
Healthcare Institutions
Healthcare institutions like hospitals, clinics, and nursing homes generate earnings through the provision of medical services, accommodation, and care to patients. These earnings are used to maintain and improve the facilities, pay staff, and invest in new technologies and treatments.
Healthcare Industries
Healthcare industries such as the pharmaceutical industry, medical equipment industry, and health insurance industry earn income through the sale of products and services to healthcare providers and patients. These earnings are used for research and development, production, marketing, and other business operations.
Related Terms
- Revenue: The total income generated by a healthcare professional, institution, or industry before expenses are deducted.
- Profit: The earnings remaining after all expenses have been deducted from the revenue.
- Salary: The regular payment made to a healthcare professional for their services.
- Fee-for-service: A payment model where healthcare professionals are paid for each service they provide.
External links
- Medical encyclopedia article on Earnings
- Wikipedia's article - Earnings
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