profit sharing

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  • noun

Words related to profit sharing

a system in which employees receive a share of the net profits of the business

References in periodicals archive ?
Although it is important to express that every dollar saved in supply chain costs goes immediately to the bottom line, it is also Important to express that savings can be applied to acquiring technology to build service lines, support goals to reduce hospital-acquired infections and support the medical staff incentives related to gainsharing.
I first introduced gainsharing while working for Lee Enterprises in Madison, Wis.
Device Industry Opposes Medical Gainsharing at Hearing, HCPRO (Oct.
Though the statute is intent-based, and thus requires the government to prove that a payment was made with knowledge to induce referrals, providers would still seek to minimize liability by fitting the gainsharing payments into an existing safe harbor or by requesting an advisory opinion from the OIG.
In 1999, in an effort to begin the process of improving hospital/physician dialogue and collaboration, the New Jersey Hospital Association (NJHA) approached the federal Healthcare Financing Administration (HCFA) with a proposal to start a gainsharing demonstration project.
The private payers involved in the gainsharing project--Arkansas Blue Cross Blue Shield and Arkansas QualChoice--will start their data col-lection in January 2013.
Ammons and Rivenbark use case studies to illustrate the types of gainsharing and how they are used, along with the controversies and risks involved.
As a result, this whole new practice of Gainsharing began to replace profit sharing.
There would be the possibility for gainsharing among hospitals and physicians.
Updates from these government branches will be provided, as will discussion on topics such as the Medical Device User Fee and Modernization Act of 2002, hospital group purchasing organization reform and device contract gainsharing.
McCarty Thornton, said during an audioconference on gainsharing sponsored by the Integrated Healthcare Association.
Gainsharing in public accounting: Working smarter and harder.