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Author Question: A hospital had gross patient billings of 50 million, contractual adjustments of 20 million, and ... (Read 60 times)

rl

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on: Jul 5, 2018
A hospital had gross patient billings of 50 million, contractual adjustments of 20 million, and charity care of 5 million. How much is the hospital's net patient service revenue?
 
  a. 50 million
  b. 25 million
  c. 30 million
  d. 45 million

Question 2

____________________ are assets of a durable nature that are expected to provide benefit to the business over several years.
 Fill in the blank(s) with correct word


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ASDFGJLO

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

8 How do governmental hospitals calculate net patient service revenue, on their operating statements?
a. gross billings at established rates; minus contractual adjustments, charity care, and similar items that the hospital does not expect to collect
b. gross billings at established rates; minus contractual adjustments, charity care, and a provision for uncollectible accounts
c. gross billings at established rates; minus any amounts that the hospital does not expect to collect; plus revenue from capitation premiums
d. gross billings at established rates; revenue from capitation premiums; and any other revenue directly attributable to patient services such as special charges for TV

b

Answer to Question 2

Plant assets


rl

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

Liamb2179

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Reply 3 on: Yesterday
Excellent

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