Question: How does charity care affect the patient service revenue reported
How does charity care affect the patient service revenue reported by hospitals, and what measure of charity care are hospitals required to disclose in the notes to their financial statements?
Relevant QuestionsHow do prospective and retrospective payment agreements affect the amount reported as net patient service revenue? A not- for- profit hospital invests a $ 10,000 restricted donation in equity securities. At the date of its financial statements, the securities have a fair value of $ 12,000. How would the hospital report the increased ...A not- for- profit hospital is seeking a loan from a bank to finance a major acquisition of equipment. The hospital is preparing its financial statements for 2012, which the bank’s loan officer wants to review before ...A hospital arranges with a third- party payer to charge the third party 75 percent of its established billing rates. During January 2012, the hospital provided services amounting to $ 1 million at the established billing ...Match items on the right with those on the left by placing the letter of the best match in the space provided.a. Temporarily restricted net asset b. Prepared for a not- for- profit hospital’s changes in unrestricted net ...
Post your question