a. What is the difference between gross (chargemaster) revenue and net patient service revenue? (Hint: Think about

Question:

a. What is the difference between gross (chargemaster) revenue and net patient service revenue? (Hint: Think about discounts, contractual allowances, and price concessions.)

b. What is the difference between net patient service revenue and other operating revenue?

c. What is the difference between charity care (or financial assistance) and bad debt losses resulting from changes in circumstances? How is each handled on the income statement?

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