1. Consider a hospital that is introducing a new service anticipated to have 1,025 patient visits per year at an average cost of $2,200 and average billed charges of $4,500. Determine the amount of gross revenue, contractual deductions, net patient revenue, and net operating income that would result given the payer mix and terms shown below.

2. Using the HCF Balance Sheet on pages 226-227 in Table 9A-1, how could you determine the amount of debt principal that will be retired during the next fiscal year?

3. Using the same table as referenced in question 2, what is the net change in Current Assets from 20X6 to 20X7?

4. What are the titles of the four primary financial statements that are usually included in an audited financial report?

5. Using the same table referenced in question 2, would you say that HCF had a better or worse year from the overall financial standpoint from 20X6 to 20X7? What is your answer based on?

TEXTBOOK:

Essentials of Health Care Finance

Author: William Cleverley and James Cleverly