Calculate the Plains Regional Hospital's days' revenue in receivables and assess Plains Regional Hospital's accounts receivable collection efficiency based on the following set of facts:
a. Days' revenue in patient accounts receivable at December 31, 2019, for Plains Regional Hospital - 76 days
b. Extracts from Plains Regional Hospital's calendar year 2020 financial statements:
Net patient accounts receivable, $16.4 million
Net patient service revenue, $75 million
c. Assessment criteria: Days' revenue in patient accounts receivable at December 31, 2020 for hospitals of comparable size - 65 days

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The Answer of Calculate the Plains Regional Hospital's days' revenue in receivables and assess Plains Regional Hospital's accounts receivable collection efficiency based on the following set of facts:
a. Days' revenue in patient accounts receivable at December 31, 2019, for Plains Regional Hospital - 76 days
b. Extracts from Plains Regional Hospital's calendar year 2020 financial statements:
Net patient accounts receivable, $16.4 million
Net patient service revenue, $75 million
c. Assessment criteria: Days' revenue in patient accounts receivable at December 31, 2020 for hospitals of comparable size - 65 days

Calculate the Plains Regional Hospital's Days' Revenue in Receivables and Assess