Data from Table 22-2 indicate that $8,778,677 of accounts receivable was present at the end of 20X9.

Question:

Data from Table 22-2 indicate that $8,778,677 of accounts receivable was present at the end of 20X9. If this value represented 50 days of average net patient revenue and the hospital believed this value could be reduced to 40 days, what dollar amount of new cash flow would be generated? If these funds were invested at 8.5%, how much additional investment income would result per year?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Essentials Of Health Care Finance

ISBN: 9781284094633

8th Edition

Authors: William O. Cleverley, James O. Cleverley

Question Posted: