What term is used for a practice's revenue?

The term that specifically refers to a practice's revenue is commonly known as net revenue. This represents the total income generated from the practice's services after accounting for any deductions such as discounts, allowances, and uncollectibles. Net revenue is crucial for understanding the actual financial state of a practice, as it reflects the money that is expected to be collected and retained from patient services.

While accounts receivable is an important aspect of the billing process, as it denotes the money owed to the practice for services rendered, it does not exclusively represent the practice's revenue itself. Accounts payable refers to the amounts that the practice owes to its creditors and is not indicative of revenue. Operating income is more related to the earnings from core business operations but does not encompass the full scope of revenue generated by the practice after deductions. Thus, net revenue is the most accurate term for identifying the practice's revenue in this context.