Question
Are for a Not-for-profit Hospital. This is 1 of 4. 1) Gross Charges to patients at standard established rates were $4,400,000. This is 2 of
Are for a Not-for-profit Hospital. This is 1 of 4.
1) Gross Charges to patients at standard established rates were $4,400,000.
This is 2 of 4.
2) $85,000 of receivables were written off against the prior year allowance balance for uncollectable accounts.
3) The hospital wrote off $265,000 of receivables established in 2014-2015 (entry#5) associated with Medicare, Medicaid, and privately insured patients due to contractual adjustments.
4) The hospital determined that $125,000 of the services it provided were to patients who met the hospital criteria for charity services.
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