Medical Charts and Records contain information on the clinical data and medical history of a patient. Such records include medical notes and information from physicians, nurses, laboratory technicians, and other healthcare professionals on the patient’s medical team. Such medical records are vital for disease management and entities such as pharmaceutical and health insurance firms in determining products and services to gain competitive advantage. When undertaking a business valuation of a healthcare facility, Medical Charts and Records qualify as intangible assets which present measurable economic benefits to the facilities. Intangible assets are a class of assets without physical form yet can offer significant value to the owners. To estimate the fair market value of Medical Charts and Records, business valuation analysts apply techniques under the income, market and asset methods, a situation made possible by the fact that medical records and charts can be recognised, separated, and the associated economic benefits can be reliably measured.