Question: Cassandra has incurred $ 3 3 , 0 0 0 ?of charges from the hospital. Due to the payer contract between the hospital and the

Cassandra has incurred $ 3 3 , 0 0 0 ?of charges from the hospital. Due to the payer contract between the hospital and the insurance company, the explicit price concession is $ 1 5 , 0 0 0 . ? The hospital collects $ 1 6 , 8 0 0 ?from the insurance company. The remainder is billed to the patient. The hospital has historically collected 2 5 % ?of the amount billed to patients.
Fill in the amounts in compliance with ASC 6 0 6 :
Gross patient revenue
Allowable charges
Implicit price concession
Net patient revenue
Net realization rate
% ?Round to one decimal place.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!