Based upon Saint Thomas Hospital's established billing rate structure, the hospital would have earned patient service revenue of $5,100,000 for the year.However, Saint Thomas does not expect to collect this amount because of charity care provided in the amount of $600,000 and contractual allowances to third-party payers of $450,000.How much should Saint Thomas record as patient service revenue for the year?
A) $5,100,000
B) $4,650,000
C) $4,500,000
D) $4,050,000
Correct Answer:
Verified
Q21: A hospital carried a 2-year malpractice insurance
Q25: Sponsors of not-for-profit health care organizations generally
Q25: The LRF Healthcare foundation donated 1,800,000 as
Q27: The Medical Arts Clinic, a well-established
Q28: The community hospital of Briarwood normally includes
Q29: Hospital revenue usually includes which of
Q31: In the process of general purpose external
Q35: Jordan an auditor, is performing a
Q37: Which of the following would normally be
Q40: In accounting for health care organizations, restricted
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents