Once a governmental or nonprofit hospital decides that its patient meets the definition of a charity care case, they are no longer permitted to report the fees that are charged for the services provided to that patient as revenue.

Question

Quizplus · Accepted Answer

Nonprofit and governmental hospitals are prohibited from reporting receivables or revenues from services that have been identified as charity care in their financial statements. Instead specific disclosures are required.

Once a Governmental or Nonprofit Hospital Decides That Its Patient