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A health system has forecast net patient revenue in the first 3 months of the year as follows (figures in millions): January, $80; February, $60;
A health system has forecast net patient revenue in the first 3 months of the year as follows (figures in millions): January, $80; February, $60; March, $40. 70% of services are usually paid for in the month that they take place, 20% in the following month, and the final 10% in the next month. Receivables at the end of December were $23 million. What are the forecasted collections on accounts receivable in March?
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