This topic contains a solution. Click here to go to the answer

Author Question: A hospital had gross patient billings of 50 million, contractual adjustments of 20 million, and ... (Read 66 times)

rl

  • Hero Member
  • *****
  • Posts: 579
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ASDFGJLO

  • Sr. Member
  • ****
  • Posts: 335
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

  • Member
  • Posts: 579
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review


Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Excellent

 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

For a complete list of videos, visit our video library