a. What is the difference between gross (chargemaster) revenue and net patient service revenue? (Hint: Think about
Question:
a. What is the difference between gross (chargemaster) revenue and net patient service revenue? (Hint: Think about discounts, contractual allowances, and price concessions.)
b. What is the difference between net patient service revenue and other operating revenue?
c. What is the difference between charity care (or financial assistance) and bad debt losses resulting from changes in circumstances? How is each handled on the income statement?
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a Difference between Gross Revenue and Net Patient Service Revenue Gross Revenue Chargemaster Revenue Gross revenue also known as chargemaster revenue represents the total charges billed by a healthca...View the full answer
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Related Book For 
Fundamentals Of Healthcare Finance
ISBN: 9781640553224
4th Edition
Authors: Paula H. Song, Kristin L. Reiter
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