An uninsured patient receives services with charges of $5,000 from a hospital. The hospital staff bills...

Transcribed Image Text:

An uninsured patient receives services with charges of $5,000 from a hospital. The hospital staff bills the patient $1,000 and records $4,000 as charity care. If the hospital's ratio of cost to charges is 50%, what amount would the hospital recognize as charity care in Schedule H of IRS Form 990? An uninsured patient receives services with charges of $5,000 from a hospital. The hospital staff bills the patient $1,000 and records $4,000 as charity care. If the hospital's ratio of cost to charges is 50%, what amount would the hospital recognize as charity care in Schedule H of IRS Form 990?

Answer rating: 100% (QA)

In Schedule H of IRS Form 990 hospitals are required to repo... View the full answer