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Collegiate Community Hospital is a not-for-profit hospital. Below is a list of possible effects for each transaction and the possible effect on revenue: 1. Patient
Collegiate Community Hospital is a not-for-profit hospital. Below is a list of possible effects for each transaction and the possible effect on revenue: 1. Patient service revenue 2. Contractual adjustments 3. Other revenue (exchange) 4. Other revenue (non-exchange) 5. No revenue For the following transactions or events, match the letter above to illustrate the possible effects the transaction would have on revenue. Then provide a detailed rationale for the matches. 1. The hospital provided medical care valued at $96,000 for homeless citizens. 2. The hospital received a $15,000 federal grant to provide immunizations to children. 3. A pharmaceutical firm donated recently approved drugs valued at $19,000. The hospital uses a similar type of drug in its operations. 4. Received a $10 co-pay from a patient for an outpatient visit. Billed $800 to insurance. 5. Geezer Health Insurance paid $625 as the final payment on the $800 billed in the previous transaction. 6. Gift shop sales amounted to $3,200. 7. A local civic group provided labor to manage the hospital's information desk. The labor was valued at $24,000. 8. Patient accounts of $1,800 were written off. 9. The hospital received $900 for CPR training provided to the city police department. 10. A grateful patient donated $1,000 for unrestricted use by the hospital
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